34 Spafford DriveLebanonCT06249
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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 Lebanon at 34 Spafford Drive, Lebanon, CT, 06249 earns $2/mo cash flow from $2,515/mo rent with a $1,810/mo payment. Total monthly income totals $2,515/mo, and annual cash flow totals $26/yr on $122,622 capital. ROI tracks 19.93% on current figures, and rental yield reads 8.16% at a $369,900 purchase. Equity gained on principal adds $2,387/yr, and 5% annual appreciation supports $102,197 over five years. Five-year ROI reaches 103.77% and total cumulative return in cash sums $127,246. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,515/mo property income instead of your personal income.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06249, Lebanon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 2,459 (78.0%) |
| Renter Occupied HU | 315 ( 10.0%) |
| Vacant Housing Units | 380 (12.0%) |
| Median Home Value | $388,239 |
| Average Home Value | $455,650 |
Housing Distribution
Address Breakdown
Residential
2,892
Single Family
2,868
Multi-Family
24
Businesses
74
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Listed by: Colin Mulryan • Carl Guild & Associates
Mls Name: Smart MLS
Mls ID: #24125836