151 Heritage Hill Road APT BNew CanaanCT06840
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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 New Canaan at 151 Heritage Hill Road APT B, New Canaan, CT, 06840 earns $977/mo cash flow from $5,726/mo rent with a $3,421/mo payment. Total monthly income totals $5,726/mo, and annual cash flow totals $11,723/yr on $229,971 capital. ROI tracks 25.16% on current figures, and rental yield reads 9.83% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 131.75% and total cumulative return in cash sums $302,990. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,726/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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Listed by: Robyn Bonder • Douglas Elliman of Connecticut
Mls Name: Smart MLS
Mls ID: #24143116