23 Forest Hills DriveMadisonCT06443
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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 Madison at 23 Forest Hills Drive, Madison, CT, 06443 offers a 9.67% rental yield on a $819,000 purchase with $6,600/mo rent. Total monthly income registers $6,600/mo, and a $4,009/mo payment leaves $1,035/mo available for distribution. Annual cash flow reaches $12,419/yr on $269,451 to close, and return on cash invested stands at 24.67% in year one. Equity gained on principal adds $5,285/yr while 5% annual appreciation supports $226,275 over five years. Portfolio math shows five-year ROI at 129.13% and total cumulative return in cash at $347,949. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,600/mo property income against a $4,009/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
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Listed by: Cathy Lynch • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24113416