1 Chatham Court #1MiddleburyCT06762
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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 Middlebury at 1 Chatham Court #1, Middlebury, CT, 06762 uses $203,980 cash to close to unlock $11,904/yr annual cash flow and $992/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $3,035/mo payment keeps the spread at $992/mo. Purchase price stands at $620,000, and rental yield measures 10.45% with $5,400/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 136.13% and total cumulative return in cash records $277,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $3,035/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$195 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06762, Middlebury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 2,778 (85.9%) |
| Renter Occupied HU | 280 ( 8.7%) |
| Vacant Housing Units | 177 ( 5.5%) |
| Median Home Value | $498,512 |
| Average Home Value | $531,036 |
Housing Distribution
Address Breakdown
Residential
3,042
Single Family
2,970
Multi-Family
72
Businesses
402
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Listed by: Norinne M. Byrne • Calcagni Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096183
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