15 Canterbury Ln #15AvonCT06001
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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 Avon at 15 Canterbury Ln #15, Avon, CT, 06001 priced at $239,500 pairs $2,123/mo rent with $147/mo cash flow after a $1,172/mo payment. Total monthly income equals $2,123/mo, and annual cash flow comes to $1,763/yr on $79,394 invested. Return on cash invested is 22.13% in year one, and rental yield stands at 10.64% on a $239,500 basis. Equity gained on principal adds $1,545/yr, and 5% annual appreciation accumulates to $66,169 by year five. Five-year ROI measures 117.44% and total cumulative return in cash reaches $93,241. For financing, Ziffy Mortgage’s DSCR program evaluates $2,123/mo property income against a $1,172/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$349 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: Nina F. Jankowski • Real Estate Exchange
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080832
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.