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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Vernon at 22 Range Hill Drive, Vernon, CT, 06066 priced at $304,900 converts $2,476/mo rent into $405/mo cash flow after a $1,492/mo obligation. Total monthly income equals $2,476/mo, and annual cash flow totals $4,856/yr on $101,074 invested. Return on cash invested prints 24.71% in year one, and rental yield reads 9.74% against a $304,900 entry. Equity gained on principal adds $1,967/yr, while 5% annual appreciation compiles into $84,238 by year five. Five-year ROI reaches 129.4% and total cumulative return in cash sums $130,790. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,476/mo property income covering a $1,492/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
Date | Event | Price |
|---|---|---|
| 2020-09-21 | Sold | $200,000 |
| 2020-07-28 | Pending sale | $204,900 |
| 2020-07-19 | Listed for sale | $204,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-26 | $4285.00 | 5.10% | $122,110 | N/A |
| 2023-07-26 | $4077.00 | N/A | $122,110 | N/A |
| 2022-07-26 | $4077.00 | 2.15% | $122,110 | 21.25% |
What's Special
None
Listed by: Lois J. Brookes • Executive Real Estate Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113512
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.
