207 N Society Rd, Canterbury, CT, 06331 | $294/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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207 N Society Rd, Canterbury, CT, 06331 | $294/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Canterbury at 207 N Society Rd, Canterbury, CT, 06331 listed at $315,000 pairs $2,434/mo rent with a $1,542/mo payment to leave $294/mo cash flow. Total monthly income runs $2,434/mo, and annual cash flow reaches $3,522/yr on $104,423 cash to close. Return on cash invested measures 23.28% in year one, and rental yield registers 9.27% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 121.74% and total cumulative return in cash totals $127,121. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,434/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1950

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Tenant finally moved out! Oversized family room could be split into bedroom and family room for third bedroom. Full basement that includes a finished bonus room that has 2 closets. Master suite with large closet and marble bath. Second bathroom for the rest of the household with rich earth tones. New septic system (tank and leach field) in 2024. High quality Buderus oil boiler and indirect water heater will keep living costs low. Low taxes due to sub-1 acre lot, but since neighbors have large lots, you have just as much privacy. Potential sellers concession for preferred lender to offer to qualified buyer a 30 year fixed rate, $0 downpayment mortgage with an estimated PITI payment of $2299

Neighborhood Data

Neighborhood data shown for ZIP Code: 06331, Canterbury, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,066 (100%)
Owner Occupied HU	1,751 (84.8%)
Renter Occupied HU	222 (10.7%)
Vacant Housing Units	93 ( 4.5%)
Median Home Value	$363,413
Average Home Value	$423,514