21 Lakeview Avenue #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 21 Lakeview Avenue #21, New Canaan, CT, 06840 listed at $1,549,000 pairs $9,000/mo rent with a $7,582/mo payment. Total monthly income runs $9,000/mo. Return on cash invested measures 16.72% in year one, and rental yield registers 6.97% at a $1,549,000 basis. Equity gained on principal adds $9,995/yr, and annual property appreciation at 5% supports $427,960 by year five. Five-year ROI tracks 86.47% and total cumulative return in cash totals $433,967. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,000/mo property income relative to a $7,582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
No 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: Janis Hennessy • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24109071