16 Route 63Falls VillageCT06031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Falls Village at 16 Route 63, Falls Village, CT, 06031 at $550,000 posts ROI 22.75% with $406/mo cash flow from $4,143/mo rent. Total monthly income equals $4,143/mo, and annual cash flow records $4,872/yr on $180,950 to close. Return on cash invested measures 22.75% and rental yield reads 9.04% at the current $550,000. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 118.84% and total cumulative return in cash totals $215,050.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,143/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1803
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06031, Falls Village, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 841 (100%) |
| Owner Occupied HU | 504 (59.9%) |
| Renter Occupied HU | 128 (15.2%) |
| Vacant Housing Units | 209 (24.9%) |
| Median Home Value | $620,000 |
| Average Home Value | $805,565 |
Housing Distribution
Address Breakdown
Residential
519
Single Family
519
Multi-Family
0
Businesses
65
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Nearby investment properties with comparable prices
Listed by: Wendy Eichman • Raynard & Peirce Realty,LLC
Mls Name: Smart MLS
Mls ID: #24093036