16 Vernon Ave APT 13VernonCT06066
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 Vernon at 16 Vernon Ave APT 13, Vernon, CT, 06066 listed at $164,999 pairs $1,442/mo rent with a $808/mo payment to leave $5/mo cash flow. Total monthly income runs $1,442/mo, and annual cash flow reaches $54/yr on $54,697 cash to close. Return on cash invested measures 20.01% in year one, and rental yield registers 10.49% at a $164,999 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 106.73% and total cumulative return in cash totals $58,379. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,442/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1890
N/A lot
$N/A/sqft
$316 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Stutts • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087001
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.