111 Heritage Hill Road #111New CanaanCT06840
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 111 Heritage Hill Road #111, New Canaan, CT, 06840 in New Canaan is narrow, $175/mo net on $6,870/mo rent after the $3,818/mo debt service, but the property operates at break-even-plus, not a loss. At $849,000 with a 9.71% yield, the long-run equity case via 5% appreciation ($234,563 over five years) and $7,819/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.80 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $394,997.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 5.0% |
| Monthly Cash Flow | $175 | $2,000 |
City averages based on New Canaan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,870 |
| Total Monthly Debt Service | $5,431 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1965
N/A 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
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
Condo
Built in 1965
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24164867