234 Marvin Ridge RoadNew CanaanCT06840
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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 New Canaan at 234 Marvin Ridge Road, New Canaan, CT, 06840 at $1,350,000 posts ROI 9.37% with from $5,164/mo rent. Total monthly income equals $5,164/mo. Return on cash invested measures 9.37% and rental yield reads 4.59% at the current $1,350,000. Equity gained on principal adds $8,711/yr, and 5% annual appreciation supports $372,980 by year five. Five-year ROI prints 47.04% and total cumulative return in cash totals $205,769. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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Listed by: Bonnie Sztam • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24133918