274 Colburn RoadCanterburyCT06331
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 274 Colburn Road, Canterbury, CT, 06331 in Canterbury, $225,000, 8.26% gross yield, $20/mo net income. Consider it a market-entry position, the $1,549/mo rent covers the $1,012/mo payment with a margin, and 5%/yr appreciation is projected to add $62,163 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.53) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $87,216.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.0% |
| Monthly Cash Flow | $20 | $1,200 |
City averages based on Canterbury market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,549 |
| Total Monthly Debt Service | $1,439 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06331, Canterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 1,751 (84.8%) |
| Renter Occupied HU | 222 (10.7%) |
| Vacant Housing Units | 93 ( 4.5%) |
| Median Home Value | $363,413 |
| Average Home Value | $423,514 |
Housing Distribution
Address Breakdown
Residential
1,991
Single Family
1,915
Multi-Family
76
Businesses
92
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
Single Family
Built in 1975
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06331, Canterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 1,751 (84.8%) |
| Renter Occupied HU | 222 (10.7%) |
| Vacant Housing Units | 93 ( 4.5%) |
| Median Home Value | $363,413 |
| Average Home Value | $423,514 |
Housing Distribution
Address Breakdown
Residential
1,991
Single Family
1,915
Multi-Family
76
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Skyla Gagnon • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24152968