239 Lake RoadAndoverCT06232
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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 239 Lake Road, Andover, CT, 06232 uses $65,969 cash to close to unlock $5,375/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $974/mo payment keeps the spread at $448/mo. Purchase price stands at $199,000, and rental yield measures 10.85% with $1,800/mo rent. Return on cash invested shows 28.06% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 147.33% and total cumulative return in cash records $97,194. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.25 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: Erin Anderson • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24133505