16 Devonshire LaneHigganumCT06441
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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 Higganum at 16 Devonshire Lane, Higganum, CT, 06441 with 5% annual appreciation on a $745,000 basis while $5,798/mo rent supports operations. Total monthly income totals $5,798/mo and a $3,646/mo payment preserves $737/mo for cash returns. Annual cash flow comes to $8,838/yr on $245,105 deployed, and return on cash invested reaches 23.67% in year one. Equity gained on principal adds $4,807/yr, and five-year appreciation sums $205,830 alongside rental yield of 9.34%. Five-year ROI measures 123.76% and total cumulative return in cash totals $303,332.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,798/mo property income versus a $3,646/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
2.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06441, Higganum, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,205 (100%) |
| Owner Occupied HU | 1,928 (87.4%) |
| Renter Occupied HU | 178 ( 8.1%) |
| Vacant Housing Units | 99 ( 4.5%) |
| Median Home Value | $480,524 |
| Average Home Value | $556,845 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
132
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Listed by: Tanya R. Bottaro • Real Broker CT, LLC
Mls Name: Smart MLS
Mls ID: #24114423