205 Main St APT 36New CanaanCT06840
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New Canaan at 205 Main St APT 36, New Canaan, CT, 06840 earns from $6,160/mo rent with a $6,730/mo payment. Total monthly income totals $6,160/mo. ROI tracks 10.14% on current figures, and rental yield reads 5.38% at a $1,375,000 purchase. Equity gained on principal adds $8,873/yr, and 5% annual appreciation supports $379,887 over five years. Five-year ROI reaches 51.78% and total cumulative return in cash sums $230,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,160/mo property income instead of your personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$615 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: HANNELORE KAPLAN TEAM • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087811
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.