291 Heritage Village #CSouthburyCT06488
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
Rental property for sale in Southbury at 291 Heritage Village #C, Southbury, CT, 06488 generates $2,340/mo in rent and, after a $1,160/mo payment, leaves $104/mo in cash flow. Total monthly income is $2,340/mo, and annual cash flow is $1,244/yr on $78,566 invested. Return on cash invested sits at 21.49% in year one, and rental yield is 11.85% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 115.6% and total cumulative return in cash sums $90,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$626 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Baumann-Jacobs • Gina Jacobs Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24109384
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.