331 Heritage Village #ESouthburyCT06488
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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 Southbury at 331 Heritage Village #E, Southbury, CT, 06488 generates $1,906/mo in rent and, after a $1,348/mo payment, leaves $35/mo in cash flow. Total monthly income is $1,906/mo, and annual cash flow is $415/yr on $91,328 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 8.3% on a $275,500 entry. Equity gained on principal adds $1,778/yr, while 5% annual appreciation builds toward $76,116 over five years. Five-year ROI reaches 106.09% and total cumulative return in cash sums $96,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,906/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Pamela Dostilio • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24143592