302 Fairmount Drive #BMonroeCT06468
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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 Monroe at 302 Fairmount Drive #B, Monroe, CT, 06468 with 5% annual appreciation on a $389,900 basis while $3,283/mo rent supports operations. Total monthly income totals $3,283/mo and a $1,908/mo payment preserves $634/mo for cash returns. Annual cash flow comes to $7,610/yr on $129,252 deployed, and return on cash invested reaches 25.8% in year one. Equity gained on principal adds $2,516/yr, and five-year appreciation sums $107,722 alongside rental yield of 10.1%. Five-year ROI measures 135.23% and total cumulative return in cash totals $174,793.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,283/mo property income versus a $1,908/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Brian Christy • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24127331