3 Morrissey LaneGaylordsvilleCT06755
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3 Morrissey Lane, Gaylordsville, CT, 06755 in Gaylordsville hard to pass up. The 15.34% gross yield on a $545,000 purchase results in $6,967/mo in rent and $3,264/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.84). Annual cash flow of $39,170, five-year appreciation of $150,573, and $5,020/yr in equity build-up combine for a projected total cumulative return of $418,124.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.3% | 8.0% |
| Monthly Cash Flow | $3,264 | $1,500 |
City averages based on Gaylordsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,967 |
| Total Monthly Debt Service | $3,486 |
| DSCR Ratio | 2.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1990
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06755, Gaylordsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 456 (100%) |
| Owner Occupied HU | 350 (76.8%) |
| Renter Occupied HU | 56 (12.3%) |
| Vacant Housing Units | 50 (11.0%) |
| Median Home Value | $494,118 |
| Average Home Value | $516,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
58
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
Single Family
Built in 1990
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06755, Gaylordsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 456 (100%) |
| Owner Occupied HU | 350 (76.8%) |
| Renter Occupied HU | 56 (12.3%) |
| Vacant Housing Units | 50 (11.0%) |
| Median Home Value | $494,118 |
| Average Home Value | $516,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex De Camargo • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095897
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.