343 Millerton RdLakevilleCT06039
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakeville at 343 Millerton Rd, Lakeville, CT, 06039 offers a 8.24% rental yield on a $259,999 purchase with $1,785/mo rent. Total monthly income registers $1,785/mo, and a $1,273/mo payment leaves $18/mo available for distribution. Annual cash flow reaches $216/yr on $86,190 to close, and return on cash invested stands at 20.16% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 104.96% and total cumulative return in cash at $90,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,785/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06039, Lakeville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,165 (100%) |
| Owner Occupied HU | 615 (52.8%) |
| Renter Occupied HU | 195 (16.7%) |
| Vacant Housing Units | 355 (30.5%) |
| Median Home Value | $750,977 |
| Average Home Value | $977,179 |
Housing Distribution
Address Breakdown
Residential
698
Single Family
698
Multi-Family
0
Businesses
141
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dillon Cass • eRealty Advisors, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085527
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.