256 Mill RoadNew CanaanCT06840
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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 New Canaan at 256 Mill Road, New Canaan, CT, 06840 with 5% annual appreciation on a $1,695,000 basis while $7,529/mo rent supports operations. 66% in year one. Equity gained on principal adds $10,938/yr, and five-year appreciation sums $468,297 alongside rental yield of 5.33%. Five-year ROI measures 59.31% and total cumulative return in cash totals $325,701. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,529/mo property income versus a $8,296/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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Listed by: Barbara Shaw • Houlihan Lawrence
Mls Name: Smart MLS
Mls ID: #24132605