24 East Main StreetCanaanCT06018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Canaan at 24 East Main Street, Canaan, CT, 06018 at $239,900 posts ROI 20.62% with $47/mo cash flow from $1,677/mo rent. Total monthly income equals $1,677/mo, and annual cash flow records $566/yr on $79,527 to close. Return on cash invested measures 20.62% and rental yield reads 8.39% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 107.49% and total cumulative return in cash totals $85,483.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,677/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06018, Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 758 (56.7%) |
| Renter Occupied HU | 424 (31.7%) |
| Vacant Housing Units | 154 (11.5%) |
| Median Home Value | $305,785 |
| Average Home Value | $398,186 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
778
Multi-Family
182
Businesses
195
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Nearby investment properties with comparable prices
Listed by: Victor L. Santana • Santana Realty Group LLC
Mls Name: Smart MLS
Mls ID: #24149995