101 Parade Hill RdNew CanaanCT06840
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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
Rental property for sale in New Canaan at 101 Parade Hill Rd, New Canaan, CT, 06840 generates $4,620/mo in rent, after a $5,873/mo payment. Total monthly income is $4,620/mo. Return on cash invested sits at 9.47% in year one, and rental yield is 4.62% on a $1,199,900 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,510 over five years. Five-year ROI reaches 47.56% and total cumulative return in cash sums $184,900. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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Listed by: Danielle Malloy • Serhant Connecticut LLC
Mls Name: Greenwich MLS, Inc.
Mls ID: #124224