23 Meeting House Ln #23SheltonCT06484
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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 Shelton at 23 Meeting House Ln #23, Shelton, CT, 06484 with 5% annual appreciation on a $430,000 basis while $3,571/mo rent supports operations. Total monthly income totals $3,571/mo and a $2,105/mo payment preserves $307/mo for cash returns. Annual cash flow comes to $3,684/yr on $142,545 deployed, and return on cash invested reaches 22.49% in year one. Equity gained on principal adds $2,775/yr, and five-year appreciation sums $118,801 alongside rental yield of 9.97%. Five-year ROI measures 118.52% and total cumulative return in cash totals $168,951.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,571/mo property income versus a $2,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
N/A lot
$N/A/sqft
$342 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Matt Nuzie • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24078031
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.