293 Hidden Lake RdHigganumCT06441
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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
Investment property for sale in Higganum at 293 Hidden Lake Rd, Higganum, CT, 06441 at $425,000 posts ROI 25.87% with $700/mo cash flow from $3,587/mo rent. Total monthly income equals $3,587/mo, and annual cash flow records $8,394/yr on $140,888 to close. Return on cash invested measures 25.87% and rental yield reads 10.13% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 135.59% and total cumulative return in cash totals $191,033.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,587/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06441, Higganum, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,205 (100%) |
| Owner Occupied HU | 1,928 (87.4%) |
| Renter Occupied HU | 178 ( 8.1%) |
| Vacant Housing Units | 99 ( 4.5%) |
| Median Home Value | $480,524 |
| Average Home Value | $556,845 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
132
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Nearby investment properties with comparable prices
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