1 Laurelwood Lane LOT 18VernonCT06066
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Vernon at 1 Laurelwood Lane LOT 18, Vernon, CT, 06066 priced at $785,000 converts $3,924/mo rent into after a $3,842/mo obligation. Total monthly income equals $3,924/mo. Return on cash invested prints 13.51% in year one, and rental yield reads 6% against a $785,000 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation compiles into $216,881 by year five. Five-year ROI reaches 69.3% and total cumulative return in cash sums $178,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,924/mo property income covering a $3,842/mo payment, not borrower’s personal income.
Single Family
Built in 2026
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keri A. Watkins • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24132051