18 Spice Bush LaneBranfordCT06405
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 Branford at 18 Spice Bush Lane, Branford, CT, 06405 priced at $720,000 converts $6,917/mo rent into $2,025/mo cash flow after a $3,524/mo obligation. Total monthly income equals $6,917/mo, and annual cash flow totals $24,300/yr on $236,880 invested. Return on cash invested prints 30.32% in year one, and rental yield reads 11.53% against a $720,000 entry. Equity gained on principal adds $4,646/yr, while 5% annual appreciation compiles into $198,923 by year five. Five-year ROI reaches 159.42% and total cumulative return in cash sums $377,635. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,917/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Single Family
Built in 1991
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06405, Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,472 (100%) |
| Owner Occupied HU | 9,240 (63.8%) |
| Renter Occupied HU | 4,157 (28.7%) |
| Vacant Housing Units | 1,075 ( 7.4%) |
| Median Home Value | $485,013 |
| Average Home Value | $561,238 |
Housing Distribution
Address Breakdown
Residential
13,888
Single Family
12,372
Multi-Family
1,516
Businesses
1,642
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian D. Gallagher • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24106305