288 Exeter RoadLebanonCT06249
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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
Rental property for sale in Lebanon at 288 Exeter Road, Lebanon, CT, 06249 priced at $595,000 pairs $4,486/mo rent with $444/mo cash flow after a $2,912/mo payment. Total monthly income equals $4,486/mo, and annual cash flow comes to $5,322/yr on $195,755 invested. Return on cash invested is 22.78% in year one, and rental yield stands at 9.05% on a $595,000 basis. Equity gained on principal adds $3,839/yr, and 5% annual appreciation accumulates to $164,388 by year five. Five-year ROI measures 119.01% and total cumulative return in cash reaches $232,970. For financing, Ziffy Mortgage’s DSCR program evaluates $4,486/mo property income against a $2,912/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
13.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06249, Lebanon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 2,459 (78.0%) |
| Renter Occupied HU | 315 ( 10.0%) |
| Vacant Housing Units | 380 (12.0%) |
| Median Home Value | $388,239 |
| Average Home Value | $455,650 |
Housing Distribution
Address Breakdown
Residential
2,892
Single Family
2,868
Multi-Family
24
Businesses
74
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Listed by: Carrie Schwartz • Countryside Realty
Mls Name: Smart MLS
Mls ID: #24106490