142 Mallard Drive #142AvonCT06001
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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 Avon at 142 Mallard Drive #142, Avon, CT, 06001 uses $79,560 cash to close to unlock $1,476/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $2,107/mo, and a $1,175/mo payment keeps the spread at $123/mo. Purchase price stands at $240,000, and rental yield measures 10.54% with $2,107/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 115.51% and total cumulative return in cash records $91,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,107/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$353 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06001, Avon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,867 (100%) |
| Owner Occupied HU | 6,248 (79.4%) |
| Renter Occupied HU | 1,192 (15.2%) |
| Vacant Housing Units | 427 ( 5.4%) |
| Median Home Value | $541,074 |
| Average Home Value | $597,313 |
Housing Distribution
Address Breakdown
Residential
7,864
Single Family
7,314
Multi-Family
550
Businesses
934
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Listed by: Brett Eisenlohr • Farmington Woods
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24116355
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.