208 Park St APT 21New CanaanCT06840
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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 New Canaan at 208 Park St APT 21, New Canaan, CT, 06840 uses $132,600 cash to close to unlock $1,008/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $3,246/mo, and a $1,958/mo payment keeps the spread at $84/mo. Purchase price stands at $400,000, and rental yield measures 9.74% with $3,246/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 109.16% and total cumulative return in cash records $144,748. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,246/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$444 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
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Listed by: Karen Gilmore • Redfin Corporation
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087637
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.