16 Gooseneck Hill RoadCanterburyCT06331
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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 Canterbury at 16 Gooseneck Hill Road, Canterbury, CT, 06331 with 5% annual appreciation on a $430,900 basis while $3,714/mo rent supports operations. Total monthly income totals $3,714/mo and a $2,109/mo payment preserves $786/mo for cash returns. Annual cash flow comes to $9,435/yr on $142,843 deployed, and return on cash invested reaches 26.51% in year one. Equity gained on principal adds $2,781/yr, and five-year appreciation sums $119,050 alongside rental yield of 10.34%. Five-year ROI measures 139.08% and total cumulative return in cash totals $198,669.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,714/mo property income versus a $2,109/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06331, Canterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 1,751 (84.8%) |
| Renter Occupied HU | 222 (10.7%) |
| Vacant Housing Units | 93 ( 4.5%) |
| Median Home Value | $363,413 |
| Average Home Value | $423,514 |
Housing Distribution
Address Breakdown
Residential
1,991
Single Family
1,915
Multi-Family
76
Businesses
92
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Listed by: Dave Thomas • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24120444
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.