18 Lea RoadNorth BranfordCT06471
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
Rental property for sale in North Branford at 18 Lea Road, North Branford, CT, 06471 priced at $549,900 converts $4,291/mo rent into $555/mo cash flow after a $2,691/mo obligation. Total monthly income equals $4,291/mo, and annual cash flow totals $6,662/yr on $180,917 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 9.36% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 124.19% and total cumulative return in cash sums $224,678. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,291/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1968
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06471, North Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,126 (100%) |
| Owner Occupied HU | 2,430 (77.7%) |
| Renter Occupied HU | 490 (15.7%) |
| Vacant Housing Units | 206 ( 6.6%) |
| Median Home Value | $434,469 |
| Average Home Value | $464,781 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,904
Multi-Family
248
Businesses
377
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Listed by: Royal Watrous • Sunset Creek Realty, LLC
Mls Name: Smart MLS
Mls ID: #24144510