8 Olcott Way #8RidgefieldCT06877
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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 Ridgefield at 8 Olcott Way #8, Ridgefield, CT, 06877 uses $134,258 cash to close to unlock $8,154/yr annual cash flow and $680/mo monthly cash flow. Total monthly income runs $3,431/mo, and a $1,982/mo payment keeps the spread at $680/mo. Purchase price stands at $405,000, and rental yield measures 10.17% with $3,431/mo rent. Return on cash invested shows 25.98% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 136.21% and total cumulative return in cash records $182,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,431/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06877, Ridgefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,449 (100%) |
| Owner Occupied HU | 7,528 (79.7%) |
| Renter Occupied HU | 1,463 (15.5%) |
| Vacant Housing Units | 458 ( 4.8%) |
| Median Home Value | $836,048 |
| Average Home Value | $925,612 |
Housing Distribution
Address Breakdown
Residential
9,479
Single Family
8,784
Multi-Family
695
Businesses
990
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Listed by: Sandra Juliano • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24117204