8 Carlson Ridge Court #8New MilfordCT06776
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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
Investment property for sale in New Milford at 8 Carlson Ridge Court #8, New Milford, CT, 06776 with 5% annual appreciation on a $501,000 basis while $2,250/mo rent supports operations. 53% in year one. Equity gained on principal adds $3,233/yr, and five-year appreciation sums $138,417 alongside rental yield of 5.39%. Five-year ROI measures 43.75% and total cumulative return in cash totals $72,106. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,250/mo property income versus a $2,452/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2003
N/A lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: Carole Sansone • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100982
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.