76 Ridgewood Drive, Colchester, CT, 06415 | $322/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

76 Ridgewood Drive, Colchester, CT, 06415 | $322/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1917 sft

36 Meadow Road, Higganum, CT, 06441

3 Bed
2 Bath
1560 sft

24 Alger Road, East Haddam, CT, 06423

3 Bed
5 Bath
2769 sft

10 Colonial Dr, Clinton, CT, 06413

3 Bed
2 Bath
1835 sft

2 Christy Hts, Old Saybrook, CT, 06475

Nearby investment properties with comparable prices

3 Bed
3 Bath
2400 sft

3 Winterbrooke Rd E, Moodus, CT, 06469

3 Bed
3 Bath
2780 sft

708R Haddam Quarter Rd #R, Durham, CT, 06422

3 Bed
2 Bath
1785 sft

11 Charles St, Essex, CT, 06426

5 Bed
3 Bath
2304 sft

23 Egypt Lane, Clinton, CT, 06413

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Colchester at 76 Ridgewood Drive, Colchester, CT, 06415 with 5% annual appreciation on a $499,900 basis while $3,719/mo rent supports operations. Total monthly income totals $3,719/mo and a $2,447/mo payment preserves $322/mo for cash returns. Annual cash flow comes to $3,866/yr on $165,717 deployed, and return on cash invested reaches 22.24% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,113 alongside rental yield of 8.93%. Five-year ROI measures 116.16% and total cumulative return in cash totals $192,504.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,719/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1989

1.98 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your fully remodeled home, where modern comfort meets timeless character. This spacious 4-bedroom, 2.5-bath home offers peace of mind with all new major systems and finishes. Enjoy brand new roof, siding, skylights, furnace, septic, driveway, and hydroseeded lawn. Inside, the first-floor primary suite shines with a private bath and walk-in closet. The living room is warm and inviting with a fireplace, while the open dining area flows to a brand-new slider and expansive rear deck-perfect for entertaining or relaxing in privacy on a quiet cul-de-sac. The kitchen is a showpiece: a custom Dean Cabinetry design with deep sink, farmhouse faucet, and stylish herringbone backsplash. Brand new oak hardwood flooring spans the first floor, complemented by beautifully refinished original hardwood doors and trim. Upstairs, new carpet and tile add comfort throughout. Additional highlights include a one-car garage, new paint throughout, washer and dryer, and basement workbenches ready for projects. With every major update already done, all that's left is to move in and make it yours.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,191 (100%)
Owner Occupied HU	5,223 (72.6%)
Renter Occupied HU	1,325 (18.4%)
Vacant Housing Units	643 ( 8.9%)
Median Home Value	$372,596
Average Home Value	$404,128