241 Stonegate DriveSouthburyCT06488
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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
Rental property for sale in Southbury at 241 Stonegate Drive, Southbury, CT, 06488 offers $6,464/mo rent that, after a $3,377/mo payment, leaves $1,776/mo cash flow. Total monthly income is $6,464/mo, and annual cash flow is $21,314/yr on $226,977 cash. Return on cash invested measures 29.45% in year one, and rental yield stands at 11.24% at a $689,900 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,607 by year five. Five-year ROI records 154.79% and total cumulative return in cash reaches $351,337. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,464/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
2.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Nearby investment properties with comparable prices
Listed by: Lori J. Campbell • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24113882