140 Highland Drive #140MonroeCT06468
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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 Monroe at 140 Highland Drive #140, Monroe, CT, 06468 listed at $329,900 pairs $2,884/mo rent with a $1,615/mo payment to leave $642/mo cash flow. Total monthly income runs $2,884/mo, and annual cash flow reaches $7,706/yr on $109,362 cash to close. Return on cash invested measures 26.96% in year one, and rental yield registers 10.49% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 141.45% and total cumulative return in cash totals $154,695. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,884/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Barbara A. Yaworowski • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24137299