188 Under Mountain RdSalisburyCT06068
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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 Salisbury at 188 Under Mountain Rd, Salisbury, CT, 06068 priced at $595,000 converts $3,664/mo rent into after a $2,912/mo obligation. Total monthly income equals $3,664/mo. Return on cash invested prints 17.74% in year one, and rental yield reads 7.39% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 91.98% and total cumulative return in cash sums $180,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,664/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Single Family
Built in 1860
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06068, Salisbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 563 (47.5%) |
| Renter Occupied HU | 209 (17.6%) |
| Vacant Housing Units | 414 (34.9%) |
| Median Home Value | $993,207 |
| Average Home Value | $1,192,420 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
83
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Listed by: John Harney • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085348
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.