145 Canal St UNIT 102SheltonCT06484
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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 Shelton at 145 Canal St UNIT 102, Shelton, CT, 06484 generates $3,012/mo in rent and, after a $1,540/mo payment, leaves $364/mo in cash flow. Total monthly income is $3,012/mo, and annual cash flow is $4,369/yr on $104,323 invested. Return on cash invested sits at 24.1% in year one, and rental yield is 11.49% on a $314,700 entry. Equity gained on principal adds $2,031/yr, while 5% annual appreciation builds toward $86,946 over five years. Five-year ROI reaches 128.25% and total cumulative return in cash sums $133,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,012/mo property income rather than buyer’s personal income.
Condo
Built in 1890
N/A lot
$N/A/sqft
$510 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Nick A. Jones • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24074192
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.