281 East Shore RoadMorrisCT06763
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 Morris at 281 East Shore Road, Morris, CT, 06763 priced at $995,000 pairs $5,098/mo rent with after a $4,870/mo payment. Total monthly income equals $5,098/mo. Return on cash invested is 13.97% in year one, and rental yield stands at 6.15% on a $995,000 basis. Equity gained on principal adds $6,421/yr, and 5% annual appreciation accumulates to $274,900 by year five. Five-year ROI measures 71.74% and total cumulative return in cash reaches $234,834. For financing, Ziffy Mortgage’s DSCR program evaluates $5,098/mo property income against a $4,870/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
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Nearby investment properties with comparable prices
Listed by: Christian Jensen • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24108227