163 Coram AvenueSheltonCT06484
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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 Shelton at 163 Coram Avenue, Shelton, CT, 06484 offers $2,854/mo rent that, after a $4,160/mo payment. Total monthly income is $2,854/mo. Return on cash invested measures 7.53% in year one, and rental yield stands at 4.03% at a $849,999 entry. Equity gained on principal adds $5,485/yr while 5% annual appreciation compounds into $234,839 by year five. Five-year ROI records 37.19% and total cumulative return in cash reaches $104,013. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,854/mo property income versus a $4,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Lauren Freedman • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24121074