31 Cortland Place #31AnsoniaCT06401
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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
Rental property for sale in Ansonia at 31 Cortland Place #31, Ansonia, CT, 06401 generates $2,708/mo in rent and, after a $1,248/mo payment, leaves $726/mo in cash flow. Total monthly income is $2,708/mo, and annual cash flow is $8,706/yr on $84,533 invested. Return on cash invested sits at 30.21% in year one, and rental yield is 12.74% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 160.17% and total cumulative return in cash sums $135,392. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,708/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06401, Ansonia, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,171 (100%) |
| Owner Occupied HU | 4,478 (54.8%) |
| Renter Occupied HU | 3,190 (39.0%) |
| Vacant Housing Units | 503 ( 6.2%) |
| Median Home Value | $314,898 |
| Average Home Value | $338,859 |
Housing Distribution
Address Breakdown
Residential
7,718
Single Family
7,350
Multi-Family
368
Businesses
498
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Listed by: Jeff Gagliardo • Realty ONE Group Connect
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24129554
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.