124 Joel DriveHebronCT06248
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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 124 Joel Drive, Hebron, CT, 06248 generates $3,758/mo in rent, after a $5,384/mo payment. Total monthly income is $3,758/mo. Return on cash invested sits at 7.86% in year one, and rental yield is 4.1% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 38.93% and total cumulative return in cash sums $138,751. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
3.90 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: Stephanie Liriano • Redfin Corporation
Mls Name: Smart MLS
Mls ID: #24136194