16 Edgehill Circle #16MonroeCT06468
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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 Monroe at 16 Edgehill Circle #16, Monroe, CT, 06468 uses $145,860 cash to close to unlock $6,600/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $3,935/mo, and a $2,154/mo payment keeps the spread at $550/mo. Purchase price stands at $440,000, and rental yield measures 10.73% with $3,935/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 129.07% and total cumulative return in cash records $188,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,935/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Steven T. Koleno • Beycome of Connecticut
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24118082
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