8 Summit LaneRidgefieldCT06877
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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 Summit Lane, Ridgefield, CT, 06877 uses $236,551 cash to close to unlock $8,939/yr annual cash flow and $745/mo monthly cash flow. Total monthly income runs $5,630/mo, and a $3,519/mo payment keeps the spread at $745/mo. Purchase price stands at $719,000, and rental yield measures 9.4% with $5,630/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $198,646 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash records $294,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,630/mo property income covering a $3,519/mo payment rather than investor’s personal income.
Single Family
Built in 1963
1.04 Acres 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: #24148517