16 Old Town RoadAvonCT06001
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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 Avon at 16 Old Town Road, Avon, CT, 06001 uses $143,208 cash to close to unlock $5,918/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $3,428/mo, and a $2,114/mo payment keeps the spread at $493/mo. Purchase price stands at $432,000, and rental yield measures 9.52% with $3,428/mo rent. Return on cash invested shows 24.04% in year one, and 5% annual appreciation builds toward $119,354 over five years. Five-year ROI reaches 125.82% and total cumulative return in cash records $180,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,428/mo property income covering a $2,114/mo payment rather than investor’s personal income.
Single Family
Built in 1941
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06001, Avon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,867 (100%) |
| Owner Occupied HU | 6,248 (79.4%) |
| Renter Occupied HU | 1,192 (15.2%) |
| Vacant Housing Units | 427 ( 5.4%) |
| Median Home Value | $541,074 |
| Average Home Value | $597,313 |
Housing Distribution
Address Breakdown
Residential
7,864
Single Family
7,314
Multi-Family
550
Businesses
934
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Listed by: Penny Woodford • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24127412