277 lake RoadAndoverCT06232
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
Investment property for sale in Andover at 277 lake Road, Andover, CT, 06232 uses $49,394 cash to close to unlock $1,787/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $1,161/mo, and a $729/mo payment keeps the spread at $149/mo. Purchase price stands at $149,000, and rental yield measures 9.35% with $1,161/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 123.04% and total cumulative return in cash records $60,772. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,161/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.52 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fred Maloon • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24152434