229 Route 163MontvilleCT06353
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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
Total monthly income runs $1,566/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 3.42% with $1,566/mo rent. Return on cash invested shows 5.66% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 27.21% and total cumulative return in cash records $49,234. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,566/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06353, Montville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 93 (100%) |
| Owner Occupied HU | 63 (67.7%) |
| Renter Occupied HU | 20 (21.5%) |
| Vacant Housing Units | 10 (10.8%) |
| Median Home Value | $265,625 |
| Average Home Value | $287,698 |
Housing Distribution
Address Breakdown
Residential
67
Single Family
67
Multi-Family
0
Businesses
19
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Listed by: Next Level Team of RE/MAX One • RE/MAX ONE
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24046959
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.