79 Ridge RdWethersfieldCT06109
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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
Investment Highlights
Rental property for sale in Wethersfield at 79 Ridge Rd, Wethersfield, CT, 06109 priced at $259,900 converts $2,271/mo rent into $246/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,271/mo, and annual cash flow totals $2,948/yr on $86,157 invested. Return on cash invested prints 23.33% in year one, and rental yield reads 10.49% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 123.3% and total cumulative return in cash sums $106,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,271/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$253 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Lisa H. Bowman • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085148
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.