302 Fairway Drive #302OxfordCT06478
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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
Total monthly income runs $2,268/mo, and a $3,597/mo payment. Purchase price stands at $735,000, and rental yield measures 3.7% with $2,268/mo rent. Return on cash invested shows 6.54% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 31.9% and total cumulative return in cash records $77,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,268/mo property income covering a $3,597/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06478, Oxford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,415 (100%) |
| Owner Occupied HU | 4,665 (86.1%) |
| Renter Occupied HU | 516 ( 9.5%) |
| Vacant Housing Units | 234 ( 4.3%) |
| Median Home Value | $500,841 |
| Average Home Value | $521,656 |
Housing Distribution
Address Breakdown
Residential
5,253
Single Family
4,823
Multi-Family
430
Businesses
408
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Listed by: Pam McHenry • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24126623