121 Hawthorne AvenueDerbyCT06418
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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 Derby at 121 Hawthorne Avenue, Derby, CT, 06418 uses $165,717 cash to close to unlock $2,438/yr annual cash flow and $203/mo monthly cash flow. Total monthly income runs $3,600/mo, and a $2,447/mo payment keeps the spread at $203/mo. Purchase price stands at $499,900, and rental yield measures 8.64% with $3,600/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 111.54% and total cumulative return in cash records $184,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,600/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Multi Family
Built in 1880
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06418, Derby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,840 (100%) |
| Owner Occupied HU | 3,292 (56.4%) |
| Renter Occupied HU | 2,222 (38.0%) |
| Vacant Housing Units | 326 ( 5.6%) |
| Median Home Value | $294,454 |
| Average Home Value | $345,936 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,220
Multi-Family
259
Businesses
410
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Listed by: Andrew Westphal • Whitestone Real Estate Group
Mls Name: Smart MLS
Mls ID: #24152226