12 Shady Knoll LaneNew 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 12 Shady Knoll Lane, New Canaan, CT, 06840 offers $6,955/mo rent that, after a $4,870/mo payment, leaves $195/mo cash flow. Total monthly income is $6,955/mo, and annual cash flow is $2,334/yr on $327,355 cash. Return on cash invested measures 20.77% in year one, and rental yield stands at 8.39% at a $995,000 entry. Equity gained on principal adds $6,421/yr while 5% annual appreciation compounds into $274,900 by year five. Five-year ROI records 108.24% and total cumulative return in cash reaches $354,330. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,955/mo property income versus a $4,870/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
1.02 Acres 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: Pam Roberts • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24112066