280 Guinea RoadMonroeCT06468
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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 Monroe at 280 Guinea Road, Monroe, CT, 06468 priced at $459,000 converts $4,153/mo rent into $1,034/mo cash flow after a $2,247/mo obligation. Total monthly income equals $4,153/mo, and annual cash flow totals $12,407/yr on $152,159 invested. Return on cash invested prints 28.06% in year one, and rental yield reads 10.86% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 147.36% and total cumulative return in cash sums $224,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,153/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1965
1.02 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
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Listed by: MICHAEL HVIZDO TEAM • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098154
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.