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$769,000

For Sale - Active
16 Saddle Ridge Rd, New Milford, CT 06776
4 Beds
4 Baths
3,856 Square Feet
0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jun 23, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$936
Cap Rate
4.8%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.2%

Property Description


0.00 Acres Lot
Built in 1984
For Sale - Active
Units n/a

Welcome to 16 Saddle Ridge Rd in New Milford, CT! Nestled in this beautiful neighborhood, this meticulously maintained 3800+ sq. ft Colonial sits on almost 3-acres and combines timeless charm w/modern luxury. The home has been completely painted throughout and offers options galore for today's diverse homebuyer. A retreat from the city, space for a growing family, flexibility for multi-generational living and even a fully equipped and private in-law apartment. Upon entry you are greeted with an elegant sweeping staircase and functional flow of living space throughout. The home is bathed in natural light w/large windows throughout and a well-appointed gourmet kitchen ideal for everyday meals and entertaining. The main level provides an inviting living room for cozy gatherings by the fire, a formal dining room perfect for hosting guests, sunroom, mudroom with laundry and an epic family room perfect for a play/movie space, home gym, or expansive office. Upstairs, the primary suite offers a luxurious retreat with a dressing area, a spa-like en-suite bathroom w/tub and a beautifully tiled shower. Two generously sized bedrooms, a modern full bath, and an upstairs laundry area complete the 2nd floor. Step outside for play or relaxation onto your completely new deck and fully fenced private yard. The home has a 2-car garage, new driveway, a full-home generator and a security system. A 1-year home warranty is INCLUDED with the sale. Room for a pool. There is no better value in town

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Finished, Walk-Out Access, Storage Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Asphalt
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: NMILM:58L:75
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1984

Tax Information

  • Annual Tax: $10,101

Utilities

  • Water & Sewer: Well
  • Heating: Oil, Baseboard
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Litchfield

Listing Details


Listed by:
Michael Mastronardi
Keller Williams Realty

Source:
SmartMLS
MLS#: 24105534
SmartMLS

Investment Summary


Monthly Cash Flow
-$936
Cap Rate
4.8%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$769,000
Amount financed:
-$615,200
Down payment:
$153,800
Closing costs:
$23,070
Rehab costs:
$0
Initial cash invested:
$176,870
Square feet:
3,856
Cost per square foot:
$199
Monthly rent per square foot:
$1.48

Financing Details

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Loan amount:
$615,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$4,027
Property tax:
$842
Insurance:
$399
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,268

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,700 $68,400
Vacancy loss: (6%)
6% -$342 -$4,104
Operating income:
$5,358 $64,296

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$842-$10,101
Insurance: (7%)
7%-$399-$4,788
Property management: (8%)
8%-$456-$5,472
Repairs & maintenance: (5%)
5%-$285-$3,420
Capital expenditures: (5%)
5%-$285-$3,420
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$2,267-$27,201

Cash Flow


Monthly Yearly
Net operating income:
$3,091 $37,092
Mortgage payments:
-$4,027 -$48,324
Cash flow:
$936 $11,232