114 Cone RoadHebronCT06248
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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 Hebron at 114 Cone Road, Hebron, CT, 06248 offers $3,444/mo rent that, after a $2,139/mo payment, leaves $475/mo cash flow. Total monthly income is $3,444/mo, and annual cash flow is $5,696/yr on $144,866 cash. Return on cash invested measures 23.84% in year one, and rental yield stands at 9.46% at a $437,000 entry. Equity gained on principal adds $2,820/yr while 5% annual appreciation compounds into $120,735 by year five. Five-year ROI records 124.72% and total cumulative return in cash reaches $180,676. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,444/mo property income versus a $2,139/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06248, Hebron, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,049 (100%) |
| Owner Occupied HU | 1,807 (88.2%) |
| Renter Occupied HU | 178 ( 8.7%) |
| Vacant Housing Units | 64 ( 3.1%) |
| Median Home Value | $385,453 |
| Average Home Value | $439,626 |
Housing Distribution
Address Breakdown
Residential
2,054
Single Family
2,031
Multi-Family
23
Businesses
184
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Listed by: Sara J. Ritchie • LPT Realty - IConn Team
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113236
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.