2473 Long Ridge Rd · Stamford, CT 06903

$997,000

5 bd · 2.5 ba · 2,608 sqft · SingleFamily public records · 2 Days on market

Built 1968 1.00 ac lot Est $949k · 5% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.4/30.0
• ARV discount +5.2/15.0
• DSCR +4.4/10.0
• 1% rule +3.5/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Colonial Sits On A Private Enclave Of 4 Other Homes.

Key facts

• 5th bedroom
• Private road
• Walkout basement

Tags

• 5TH BEDROOM
• BONUS ROOM
• PRIVATE ROAD
• UPDATED EAT-IN KITCHEN
• WOOD-BURNING FIREPLACE
• WALKOUT BASEMENT

Property features AI

Exterior

• Parking: Under-house garage; 2-car garage
• Utilities: Public water connected; Septic sewage system; Domestic hot water
• Home design: Single-family home; Frame construction
• Construction: Concrete foundation; Asphalt shingle roof
• Exterior features: Deck; Lightly wooded, treed, level lot; Vinyl siding; Gray exterior color

Interior

• Kitchen: Oven/Range; Microwave; Refrigerator; Dishwasher
• Bedrooms: 5 bedrooms
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Hot air heating (oil-fired); Fuel tank located in basement; Central air
• Interior features: 10 total rooms; Foyer; Full unfinished walk-out basement; Attic with hatch access; Central air conditioning; One fireplace
• Laundry & utility: Washer and dryer included; Laundry located on upper level (bedroom/office area)

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $997k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $850k (14.7% below list).
• Recommended offer: $850k (14.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.0% in Stamford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#98 in CT) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime A-; Watch: amenities F, commute F, cost of living F.
• Stamford School District (urban): math 32% / reading 43% proficiency, ranked #103 of 153 in CT (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Roxbury School (math 33% / reading 33%, grade F, #354 of 553 statewide, top 64%, 562 students, 53% FRL); Westhill High School (math 33% / reading 50%, grade F, #102 of 194 statewide, top 53%, 2,265 students, 50% FRL).
• Market conditions: 73 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,151 units permitted in Western Connecticut Planning Region in 2024 (714 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $7k of loan paydown is wiped out by about $30k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 21y ago; this cycle's ask is 39% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $700k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $850,000 (14.7% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.87%
• DSCR: 1.04
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $949,312
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
105 Mill Rd	0.36mi	4/2.5 (-1)	2,658 (+2%)	11mo	$985,000	$371	66
60 Mountain Wood Rd	0.45mi	4/2.5 (-1)	2,696 (+3%)	16mo	$1,100,000	$408	55
30 Dulan Dr	0.54mi	5/3.0	2,884 (+11%)	4mo	$1,050,000	$364	52
70 Old Long Ridge Rd	0.20mi	5/3.5	2,949 (+13%)	18mo	$614,500	$208	50
2535 Long Ridge Rd	0.12mi	4/3.0 (-1)	2,220 (-15%)	23mo	$800,000	$360	44
587 Haviland Rd	0.71mi	4/3.0 (-1)	2,593 (-1%)	20mo	$1,530,000	$590	42
232 Mill Rd	0.67mi	4/2.5 (-1)	2,335 (-10%)	10mo	$620,000	$266	38
592 Hunting Ridge Rd	0.35mi	4/3.5 (-1)	2,940 (+13%)	21mo	$775,000	$264	36
20 Heather Dr	0.46mi	5/2.5	2,966 (+14%)	24mo	$1,015,000	$342	36
134 Foxwood Rd	0.63mi	5/3.5	2,852 (+9%)	23mo	$1,350,000	$473	32
30 Round Hill Dr	0.64mi	4/2.0 (-1)	2,964 (+14%)	15mo	$1,100,000	$371	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.9%
• Equity multiple: 0.47×
• Total profit: $-148,792
• Equity at exit: $148,656

10-year hold

• IRR: -6.3%
• Equity multiple: 0.59×
• Total profit: $-113,416
• Equity at exit: $86,202

Cash invested: $279,160 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06903

• Active inventory: 73
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $8,500 medium
• Mortgage (P&I): −$5,228
• Tax from tax record: −$869 /mo · $10,430/yr
• Insurance: −$415
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,785
• Net cashflow: $202

Break-even live

Break-even rent $8,244

Max offer price $997,000

Occupancy floor 93%

Sensitivity live

Price	-10% $766	-5% $484	+0% $202	+5% $-80	+10% $-362
Rent	-10% $-469	-5% $-134	+0% $202	+5% $538	+10% $874
Rate	-1.0pp $704	-0.5pp $456	base $202	+0.5pp $-56	+1.0pp $-319

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $249,250
• Closing costs: $29,910
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2428 Long Ridge Rd Stamford, CT	5.0	2.5	2848	$8,500	$2.98	3d	1	0.17mi

Listing history 6 events

1. 2026-06-18
   days on market $997,000 Active 2 DOM
2. 2026-06-17
   statusdays on market $997,000 Active 1 DOM
3. 2026-06-16
   pricedays on market $997,000 Coming Soon 4 DOM
4. 2026-06-15
   days on market $995,000 Coming Soon 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $995,000 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $10,430 · $869/mo
• Projected year-2 tax: $15,883 · $1,324/mo
• Expected delta: +$5,453/yr (+$454/mo · 52.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $102,000
• − Mortgage interest: −$55,848
• − Property taxes: −$10,430
• − Insurance: −$4,985
• − Repairs & maintenance: −$8,160
• − Management: −$8,160
• − Depreciation: −$29,004
• Taxable loss: −$14,586
• Est. tax savings @ 24.0%: +$3,501
• After-tax cash flow: $5,925/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Stamford School District
• NCES district ID: 0904320
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 43% ▼ -7.00%
• Median HH income: $78,843
• Composite: 35.14/100
• National rank: #5010
• State rank: #103 of 153 in CT

Livability — Stamford

• Score: 70/100
• State rank: #98
• US rank: #7716

Category grades

Amenities F Commute F Cost of living F Crime A- Employment A+ Housing B Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stamford, CT
• City population: 123,058
• Population (ZIP): 13,630

Population outlook (Western Connecticut County) Hauer SSP2

• By 2040: 685,031

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 11% Hispanic / Latino 9% Black 6% Asian 6%
• Hispanic origin (detail): Cuban 1%
• Common ancestry: Romanian 6% Scotch-Irish 4% Italian 2%
• Foreign-born: 18% · Canada, China, Dominican Republic
• Languages at home: 78% English-only · Other Indo-European 6% Spanish 5% Russian/Polish/Slavic 4%

Political lean MEDSL · Western Connecticut

• 2024 margin: D (+19.1) · D 58.8% · R 39.7% · Other 1.6%
• All cycles: 2024: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -247.05%
• Current HPI: 163.3073
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+11.3% since first listed

8 events — show timeline

• 2026-06-12 Coming Soon $995,000 Smart MLS
• 2006-03-03 Sold (Public Records) $700,000 Public Records
• 2006-03-01 Sold (MLS) $700,000 Smart MLS
• 2005-08-30 Listing Removed — Smart MLS
• 2005-08-30 Listed $719,000 Smart MLS
• 2005-05-17 Listed $779,000 Smart MLS
• 2005-05-16 Listing Removed — Smart MLS
• 2005-05-15 Listed $894,000 Smart MLS

Property tax history

+1.7%/yr

Latest (2022): $10,430 · +1.4% YoY. Source: county tax records.