275 Long Hill RoadAndoverCT06232
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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 Andover at 275 Long Hill Road, Andover, CT, 06232 with 5% annual appreciation on a $665,000 basis while $3,823/mo rent supports operations. 25% in year one. Equity gained on principal adds $4,291/yr, and five-year appreciation sums $183,727 alongside rental yield of 6.9%. Five-year ROI measures 83.97% and total cumulative return in cash totals $183,715. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,823/mo property income versus a $3,255/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06232, Andover, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 1,107 (85.2%) |
| Renter Occupied HU | 151 (11.6%) |
| Vacant Housing Units | 42 ( 3.2%) |
| Median Home Value | $398,640 |
| Average Home Value | $458,295 |
Housing Distribution
Address Breakdown
Residential
1,270
Single Family
1,247
Multi-Family
23
Businesses
61
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Listed by: Lauren Freedman • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146451