81 Picketts Ridge RoadReddingCT06896
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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 Redding at 81 Picketts Ridge Road, Redding, CT, 06896 listed at $675,000 pairs $3,701/mo rent with a $3,304/mo payment. Total monthly income runs $3,701/mo. Return on cash invested measures 15.28% in year one, and rental yield registers 6.58% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 78.77% and total cumulative return in cash totals $174,927. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,701/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
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Listed by: Sarah Harwood • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24129044