24 South Main Street #2RutlandVT05701
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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 Rutland at 24 South Main Street #2, Rutland, VT, 05701 generates $1,824/mo in rent, after a $1,444/mo payment. Total monthly income is $1,824/mo. Return on cash invested sits at 18.21% in year one, and rental yield is 7.42% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 94.35% and total cumulative return in cash sums $92,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,824/mo property income rather than buyer’s personal income.
Condo
Built in 1869
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05701, Rutland, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,558 (100%) |
| Owner Occupied HU | 5,532 (52.4%) |
| Renter Occupied HU | 3,784 (35.8%) |
| Vacant Housing Units | 1,242 (11.8%) |
| Median Home Value | $247,267 |
| Average Home Value | $292,444 |
Housing Distribution
Address Breakdown
Residential
9,417
Single Family
9,113
Multi-Family
304
Businesses
1,136
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