173 Adams LnNew CanaanCT06840
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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 New Canaan at 173 Adams Ln, New Canaan, CT, 06840 listed at $1,650,000 pairs $5,982/mo rent with a $8,076/mo payment. Total monthly income runs $5,982/mo. Return on cash invested measures 8.63% in year one, and rental yield registers 4.35% at a $1,650,000 basis. Equity gained on principal adds $10,647/yr, and annual property appreciation at 5% supports $455,865 by year five. Five-year ROI tracks 43.08% and total cumulative return in cash totals $230,297. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,982/mo property income relative to a $8,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
2.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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Listed by: Riitta Jaakkola • William Raveis Real Estate
Mls Name: Greenwich MLS, Inc.
Mls Provider:
Mls ID: #123303
Disclaimer: Listing data courtesy of Greenwich MLS. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.