18 Benson LaneEssexCT06426
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 Essex at 18 Benson Lane, Essex, CT, 06426 at $1,675,000 posts ROI 2.44% with from $3,270/mo rent. Total monthly income equals $3,270/mo. Return on cash invested measures 2.44% and rental yield reads 2.34% at the current $1,675,000. Equity gained on principal adds $10,809/yr, and 5% annual appreciation supports $462,772 by year five. Five-year ROI prints 9.86% and total cumulative return in cash totals $53,502. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,270/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1832
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
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Nearby investment properties with comparable prices
Listed by: Rick Weiner • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24107955