256 Old Lambert Road #256OrangeCT06477
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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 Orange at 256 Old Lambert Road #256, Orange, CT, 06477 earns from $2,340/mo rent with a $1,713/mo payment. Total monthly income totals $2,340/mo. ROI tracks 16.67% on current figures, and rental yield reads 8.02% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 87.29% and total cumulative return in cash sums $101,282. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,340/mo property income instead of your personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06477, Orange, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,541 (100%) |
| Owner Occupied HU | 4,693 (84.7%) |
| Renter Occupied HU | 668 (12.1%) |
| Vacant Housing Units | 180 ( 3.2%) |
| Median Home Value | $503,024 |
| Average Home Value | $549,410 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,118
Multi-Family
361
Businesses
734
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Listed by: Jill M. Taylor • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24123111
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.