233 Lake RdAndoverCT06232
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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 Andover at 233 Lake Rd, Andover, CT, 06232 earns $148/mo cash flow from $2,186/mo rent with a $1,468/mo payment. Total monthly income totals $2,186/mo, and annual cash flow totals $1,778/yr on $99,417 capital. ROI tracks 21.7% on current figures, and rental yield reads 8.75% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 113.27% and total cumulative return in cash sums $112,612. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,186/mo property income instead of your personal income.
Single Family
Built in 1928
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06232, Andover, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 1,107 (85.2%) |
| Renter Occupied HU | 151 (11.6%) |
| Vacant Housing Units | 42 ( 3.2%) |
| Median Home Value | $398,640 |
| Average Home Value | $458,295 |
Housing Distribution
Address Breakdown
Residential
1,270
Single Family
1,247
Multi-Family
23
Businesses
61
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Listed by: Julie Landon-Stewart • Weichert,REALTORS-Four Corners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089412
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.