198 Steep Hill RoadWestonCT06883
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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 Weston at 198 Steep Hill Road, Weston, CT, 06883 priced at $1,199,000 converts $4,306/mo rent into after a $5,869/mo obligation. Total monthly income equals $4,306/mo. Return on cash invested prints 8.5% in year one, and rental yield reads 4.31% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 42.4% and total cumulative return in cash sums $164,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,306/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Single Family
Built in 1963
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06883, Weston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 3,200 (87.8%) |
| Renter Occupied HU | 228 ( 6.3%) |
| Vacant Housing Units | 215 ( 5.9%) |
| Median Home Value | $958,293 |
| Average Home Value | $1,122,577 |
Housing Distribution
Address Breakdown
Residential
3,592
Single Family
3,592
Multi-Family
0
Businesses
132
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Listed by: Elaine M. Schanzenbach • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24094159