98 Crown RidgeNewingtonCT06111
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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 Newington at 98 Crown Ridge, Newington, CT, 06111 at $378,998 posts ROI 17.95% with from $2,370/mo rent. Total monthly income equals $2,370/mo. Return on cash invested measures 17.95% and rental yield reads 7.5% at the current $378,998. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,710 by year five. Five-year ROI prints 93.13% and total cumulative return in cash totals $117,010. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,370/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Gary Crawford • RE/MAX RISE
Mls Name: Smart MLS
Mls ID: #24133607