31 Iris CourtCheshireCT06410
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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 Cheshire at 31 Iris Court, Cheshire, CT, 06410 earns $542/mo cash flow from $4,823/mo rent with a $3,084/mo payment. Total monthly income totals $4,823/mo, and annual cash flow totals $6,504/yr on $207,270 capital. ROI tracks 23.2% on current figures, and rental yield reads 9.19% at a $630,000 purchase. Equity gained on principal adds $4,065/yr, and 5% annual appreciation supports $174,057 over five years. Five-year ROI reaches 121.24% and total cumulative return in cash sums $251,302. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,823/mo property income instead of your personal income.
Single Family
Built in 1974
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Mikell Foggitt • Margaret Bennett Realty
Mls Name: Smart MLS
Mls ID: #24125828