2 Great Oak Farm Road #2MonroeCT06468
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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 Monroe at 2 Great Oak Farm Road #2, Monroe, CT, 06468 priced at $629,000 pairs $4,063/mo rent with after a $3,079/mo payment. Total monthly income equals $4,063/mo. Return on cash invested is 18.84% in year one, and rental yield stands at 7.75% on a $629,000 basis. Equity gained on principal adds $4,059/yr, and 5% annual appreciation accumulates to $173,781 by year five. Five-year ROI measures 97.85% and total cumulative return in cash reaches $202,485. For financing, Ziffy Mortgage’s DSCR program evaluates $4,063/mo property income against a $3,079/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Rachel Fowler • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24136531