876 Ridge Road, Wethersfield, CT, 06109 | $1,106/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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876 Ridge Road, Wethersfield, CT, 06109 | $1,106/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wethersfield at 876 Ridge Road, Wethersfield, CT, 06109 generates $3,817/mo in rent and, after a $1,953/mo payment, leaves $1,106/mo in cash flow. Total monthly income is $3,817/mo, and annual cash flow is $13,271/yr on $132,269 invested. Return on cash invested sits at 29.94% in year one, and rental yield is 11.48% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 157.44% and total cumulative return in cash sums $208,238. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,817/mo property income rather than buyer’s personal income.

Single Family

Built in 1936

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Once you walk past the stone wall and through the front door, you know that this home is special. The paneled entry hall, the turned staircase, hardwood floors and the many built-ins throughout the home will capture you. The front to back sunken living room, with large picture window boasts a year-round, expansive view of eastern (Glastonbury) hills. The living room has a fireplace with matching side bookcases, and door to the outdoor patio and backyard. The light filled dining room has a view from large windows facing East and overlooking the rear yard. The kitchen faces west and has direct access to the oversized garage with electric opener. Also off the kitchen is the very large and bright family room, looking toward the back-yard and Eastern views from the picture window. This room has the laundry and additional closet/storage, both hidden by louvered bi-fold doors. The family room has a sliding door opening onto a raised deck, leading to the to a flat rear yard and stone patio. Upstairs there are 4 bedrooms (two are adjoining) and full bath. More built-ins on the second floor as well as great closet space. The floor plan allows privacy and ample storage. The home has gas fired heat and hot water, updated electric panel, newer driveway with extra car parking. Great space, light, location and opportunity. Sold "as is, please use "As Is" rider. AHS Home warranty included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,055 (100%)
Owner Occupied HU	8,807 (73.1%)
Renter Occupied HU	2,878 (23.9%)
Vacant Housing Units	370 ( 3.1%)
Median Home Value	$356,914
Average Home Value	$381,808