308 Main StLakevilleCT06039
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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 Lakeville at 308 Main St, Lakeville, CT, 06039 listed at $1,200,000 pairs $4,430/mo rent with a $5,873/mo payment. Total monthly income runs $4,430/mo. Return on cash invested measures 8.88% in year one, and rental yield registers 4.43% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 44.41% and total cumulative return in cash totals $172,655. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,430/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1800
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06039, Lakeville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,165 (100%) |
| Owner Occupied HU | 615 (52.8%) |
| Renter Occupied HU | 195 (16.7%) |
| Vacant Housing Units | 355 (30.5%) |
| Median Home Value | $750,977 |
| Average Home Value | $977,179 |
Housing Distribution
Address Breakdown
Residential
698
Single Family
698
Multi-Family
0
Businesses
141
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Listed by: Evan Cooper • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097607
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.