OFF_MARKETRisky Deal2 days on market

21 Lake Dr

21 Lake Dr, Riverside, CT 06878, Riverside, CT 06878
$5,150,000
Zestimate®:$5,378,100$228,100 Under Market

Listing Price

Property image 1
21 Lake Dr, Riverside, CT 06878
Loc: Riverside, CT
Days Listed
2
Tax Assessed
$2391k
Zestimate®
$5378k
4% Under Valued
Lot Size
0.28 acres
Rent Estimate
$20,337/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

10

Riverside School

K-5
0.4 mi away
10

Eastern Middle School

6-8
0.4 mi away
10

Greenwich High School

9-12
1.6 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
2.31%
Total ROI
9.0%
Cash Flow
$-16,828/mo
DSCR
0.37
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-06-15Sold$5,300,000$883
2026-03-14Pending sale$5,150,000$858
2026-03-05Listed for sale$5,150,000$858
2019-12-06Listing removed$3,345,000$557
2019-09-24Listed for sale$3,345,000$557
2014-04-01Sold$2,125,000$354

Tax History

YearProperty TaxTax Assessment
2025$19,612$1,586,900
2024$18,941$1,586,900
2023$18,465$1,586,900
2022$18,297$1,586,900
2021$19,523$1,621,550
2020$19,491$1,621,550
2019$19,686$1,621,550
2018$19,248$1,621,550
2017$19,489$1,621,550
2015$15,547$1,303,750
2014$15,156$1,303,750
2013$14,745$1,303,750
2011$13,872$1,303,750
2010$14,747$1,631,280
2009$14,257$1,631,280
2008$13,768$1,631,280
2007$13,295$1,631,280
2006$12,806$1,631,280
2005$10,443$863,800
2004$10,081$863,800
2003$9,752$863,800
2001$8,206$438,830
2000$7,325$413,840
1999$7,677$413,840
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
6
Baths
5
Sq Ft
6,005
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $5,150,000Rent Basis: Observed Comp Model ($20,337/mo)State Tax Benchmark: 2.14% (CT)Hazard Reserve: $1,502/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.31%

NOI: $118,733/yr

Cash-on-Cash Yield
-17.0%

On $1,184,500 invested

DSCR Ratio
0.37x

Negative debt coverage

5-Yr Leveraged ROI
+9.0%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (2.14% of basis)-$4,263/mo
Homeowner / Hazard Insurance-$1,502/mo
Vacancy Reserve (5% of rent)-$1,017/mo
Repairs & Maintenance (10% of rent)-$2,034/mo
Property Management (8% of rent)-$1,627/mo
Total Pure Operating Expenses-$10,443/mo
Net Investor Cash Flow
Gross Scheduled Rent+$20,337/mo
Less: Operating Expenses-$10,443/mo
Net Operating Income (NOI)+$9,894/mo
Less: Debt Service (30yr @ 6.75%)-$26,722/mo
Net Cash Flow
$-16,828/mo
$-201,934/year
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