14 Times Farm RoadAndoverCT06232
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Andover at 14 Times Farm Road, Andover, CT, 06232 generates $1,800/mo in rent, after a $2,080/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 10.65% in year one, and rental yield is 5.08% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 53.98% and total cumulative return in cash sums $76,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06232, Andover, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 1,107 (85.2%) |
| Renter Occupied HU | 151 (11.6%) |
| Vacant Housing Units | 42 ( 3.2%) |
| Median Home Value | $398,640 |
| Average Home Value | $458,295 |
Housing Distribution
Address Breakdown
Residential
1,270
Single Family
1,247
Multi-Family
23
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Celio • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24149039