2 Colonial Village #2SheltonCT06484
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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 Shelton at 2 Colonial Village #2, Shelton, CT, 06484 uses $99,417 cash to close to unlock $4,610/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $2,597/mo, and a $1,468/mo payment keeps the spread at $384/mo. Purchase price stands at $299,900, and rental yield measures 10.39% with $2,597/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 129.3% and total cumulative return in cash records $128,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,597/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Joseph Laucella • Carey & Guarrera Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092012
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.