343 Lebanon AveLebanonCT06249
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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 343 Lebanon Ave, Lebanon, CT, 06249 uses $77,903 cash to close to unlock $312/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,637/mo, and a $1,150/mo payment keeps the spread at $26/mo. Purchase price stands at $235,000, and rental yield measures 8.36% with $1,637/mo rent. Return on cash invested shows 20.31% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 105.85% and total cumulative return in cash records $82,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1973
3.16 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: Nancy Mesham Team • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095859
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.