80 Glen Ridge Court #80New 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 80 Glen Ridge Court #80, New Milford, CT, 06776 uses $69,284 cash to close to unlock $4,007/yr annual cash flow and $334/mo monthly cash flow. Total monthly income runs $1,996/mo, and a $1,023/mo payment keeps the spread at $334/mo. Purchase price stands at $209,000, and rental yield measures 11.46% with $1,996/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 136.16% and total cumulative return in cash records $94,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,996/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
$242 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: Joe Chemero • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24129165
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.