236 Geer RoadLebanonCT06249
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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
Rental property for sale in Lebanon at 236 Geer Road, Lebanon, CT, 06249 priced at $369,900 converts $2,978/mo rent into $465/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,978/mo, and annual cash flow totals $5,582/yr on $122,622 invested. Return on cash invested prints 24.46% in year one, and rental yield reads 9.66% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 128.07% and total cumulative return in cash sums $157,042. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,978/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 1974
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06249, Lebanon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 2,459 (78.0%) |
| Renter Occupied HU | 315 ( 10.0%) |
| Vacant Housing Units | 380 (12.0%) |
| Median Home Value | $388,239 |
| Average Home Value | $455,650 |
Housing Distribution
Address Breakdown
Residential
2,892
Single Family
2,868
Multi-Family
24
Businesses
74
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Listed by: Melissa DiPiazza • RE/MAX One
Mls Name: Smart MLS
Mls ID: #24134955