345 Hebron RoadAndoverCT06232
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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 Andover at 345 Hebron Road, Andover, CT, 06232 priced at $449,900 pairs $1,800/mo rent with after a $2,202/mo payment. Total monthly income equals $1,800/mo. Return on cash invested is 9.8% in year one, and rental yield stands at 4.8% on a $449,900 basis. Equity gained on principal adds $2,903/yr, and 5% annual appreciation accumulates to $124,299 by year five. Five-year ROI measures 49.43% and total cumulative return in cash reaches $73,726. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06232, Andover, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 1,107 (85.2%) |
| Renter Occupied HU | 151 (11.6%) |
| Vacant Housing Units | 42 ( 3.2%) |
| Median Home Value | $398,640 |
| Average Home Value | $458,295 |
Housing Distribution
Address Breakdown
Residential
1,270
Single Family
1,247
Multi-Family
23
Businesses
61
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Listed by: Olivia Crable • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24148530