15 Rt 7 NorthFalls VillageCT06031
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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 Falls Village at 15 Rt 7 North, Falls Village, CT, 06031 generates $4,125/mo in rent, after a $3,671/mo payment. Total monthly income is $4,125/mo. Return on cash invested sits at 15.34% in year one, and rental yield is 6.6% on a $749,999 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 79.09% and total cumulative return in cash sums $195,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,125/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
3.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06031, Falls Village, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 841 (100%) |
| Owner Occupied HU | 504 (59.9%) |
| Renter Occupied HU | 128 (15.2%) |
| Vacant Housing Units | 209 (24.9%) |
| Median Home Value | $620,000 |
| Average Home Value | $805,565 |
Housing Distribution
Address Breakdown
Residential
519
Single Family
519
Multi-Family
0
Businesses
65
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Listed by: Diane L. Carroll • The Washington Agency
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24099177
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.