155 Crestridge DrVernonCT06066
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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 Vernon at 155 Crestridge Dr, Vernon, CT, 06066 generates $2,909/mo in rent and, after a $1,799/mo payment, leaves $412/mo in cash flow. Total monthly income is $2,909/mo, and annual cash flow is $4,941/yr on $121,826 invested. Return on cash invested sits at 23.96% in year one, and rental yield is 9.5% on a $367,500 entry. Equity gained on principal adds $2,371/yr, while 5% annual appreciation builds toward $101,533 over five years. Five-year ROI reaches 125.38% and total cumulative return in cash sums $152,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,909/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: Shelly A. Meister • Realty 3 CT
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081033
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.