16 Middle TerraceVernonCT06066
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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 16 Middle Terrace, Vernon, CT, 06066 generates $2,204/mo in rent and, after a $695/mo payment, leaves $1,239/mo in cash flow. Total monthly income is $2,204/mo, and annual cash flow is $14,870/yr on $47,073 invested. Return on cash invested sits at 51.5% in year one, and rental yield is 18.63% on a $142,000 entry. Equity gained on principal adds $916/yr, while 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 273.13% and total cumulative return in cash sums $128,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,204/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
2,178 sqft 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: Theodore Jarrett • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24126914