18 Merlins LaneNewtownCT06470
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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 Newtown at 18 Merlins Lane, Newtown, CT, 06470 offers $3,847/mo rent that, after a $5,379/mo payment. Total monthly income is $3,847/mo. Return on cash invested measures 8.17% in year one, and rental yield stands at 4.2% at a $1,099,000 entry. Equity gained on principal adds $7,092/yr while 5% annual appreciation compounds into $303,633 by year five. Five-year ROI records 40.6% and total cumulative return in cash reaches $144,582. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,847/mo property income versus a $5,379/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06470, Newtown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 5,158 (81.4%) |
| Renter Occupied HU | 829 (13.1%) |
| Vacant Housing Units | 348 ( 5.5%) |
| Median Home Value | $581,346 |
| Average Home Value | $622,156 |
Housing Distribution
Address Breakdown
Residential
6,300
Single Family
6,159
Multi-Family
141
Businesses
737
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Listed by: Richelle Ward • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104266
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.