113 Spring Glen #113SheltonCT06484
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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 Shelton at 113 Spring Glen #113, Shelton, CT, 06484 uses $140,888 cash to close to unlock $14,310/yr annual cash flow and $1,193/mo monthly cash flow. Total monthly income runs $4,080/mo, and a $2,080/mo payment keeps the spread at $1,193/mo. Purchase price stands at $425,000, and rental yield measures 11.52% with $4,080/mo rent. Return on cash invested shows 30.07% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 158.12% and total cumulative return in cash records $222,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,080/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Jason A. Tessitore • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24142591