268 Hattertown RoadMonroeCT06468
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
Rental property for sale in Monroe at 268 Hattertown Road, Monroe, CT, 06468 priced at $549,900 converts $5,359/mo rent into $1,571/mo cash flow after a $2,691/mo obligation. Total monthly income equals $5,359/mo, and annual cash flow totals $18,851/yr on $180,917 invested. Return on cash invested prints 30.48% in year one, and rental yield reads 11.69% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 160.42% and total cumulative return in cash sums $290,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,359/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1895
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Christy • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104681
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.