188 Farnum RoadLakevilleCT06039
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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 Lakeville at 188 Farnum Road, Lakeville, CT, 06039 earns from $2,856/mo rent with a $4,381/mo payment. Total monthly income totals $2,856/mo. ROI tracks 6.92% on current figures, and rental yield reads 3.83% at a $895,000 purchase. Equity gained on principal adds $5,775/yr, and 5% annual appreciation supports $247,272 over five years. Five-year ROI reaches 33.93% and total cumulative return in cash sums $99,902. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,856/mo property income instead of your personal income.
Single Family
Built in 2025
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06039, Lakeville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,165 (100%) |
| Owner Occupied HU | 615 (52.8%) |
| Renter Occupied HU | 195 (16.7%) |
| Vacant Housing Units | 355 (30.5%) |
| Median Home Value | $750,977 |
| Average Home Value | $977,179 |
Housing Distribution
Address Breakdown
Residential
698
Single Family
698
Multi-Family
0
Businesses
141
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Listed by: Jusztina Paksai • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls ID: #24113648