28 Prospect StreetEssex JunctionVT05452
Nearby investment properties with comparable rents
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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
Rental property for sale in Essex Junction at 28 Prospect Street, Essex Junction, VT, 05452 priced at $419,000 converts $3,720/mo rent into $932/mo cash flow after a $2,051/mo obligation. Total monthly income equals $3,720/mo, and annual cash flow totals $11,187/yr on $138,899 invested. Return on cash invested prints 27.96% in year one, and rental yield reads 10.65% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 146.66% and total cumulative return in cash sums $203,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,720/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Multi Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05452, Essex Junction, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,988 (100%) |
| Owner Occupied HU | 6,902 (69.1%) |
| Renter Occupied HU | 2,778 (27.8%) |
| Vacant Housing Units | 308 ( 3.1%) |
| Median Home Value | $450,641 |
| Average Home Value | $493,853 |
Housing Distribution
Address Breakdown
Residential
9,867
Single Family
9,092
Multi-Family
775
Businesses
603
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Listed by: Lipkin Audette Team • Coldwell Banker Hickok and Boardman
Mls Name: PrimeMLS
Mls Provider:
Mls ID: #5013386
Disclaimer: Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-10-14 07:16:48 PDT. This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information.