117 West Chippen Hill RoadBurlingtonCT06013
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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 Burlington at 117 West Chippen Hill Road, Burlington, CT, 06013 priced at $338,999 pairs $3,134/mo rent with $831/mo cash flow after a $1,659/mo payment. Total monthly income equals $3,134/mo, and annual cash flow comes to $9,971/yr on $112,378 invested. Return on cash invested is 28.78% in year one, and rental yield stands at 11.09% on a $338,999 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 151.21% and total cumulative return in cash reaches $169,924. For financing, Ziffy Mortgage’s DSCR program evaluates $3,134/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06013, Burlington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,742 (100%) |
| Owner Occupied HU | 3,383 (90.4%) |
| Renter Occupied HU | 211 ( 5.6%) |
| Vacant Housing Units | 148 ( 4.0%) |
| Median Home Value | $454,238 |
| Average Home Value | $484,427 |
Housing Distribution
Address Breakdown
Residential
3,653
Single Family
3,612
Multi-Family
41
Businesses
175
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Listed by: Gary Crawford • RE/MAX RISE
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24141172
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.