35 Lovers LaneMadisonCT06443
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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 Madison at 35 Lovers Lane, Madison, CT, 06443 offers $7,903/mo rent that, after a $5,120/mo payment, leaves $796/mo cash flow. Total monthly income is $7,903/mo, and annual cash flow is $9,547/yr on $338,904 cash. Return on cash invested measures 23.19% in year one, and rental yield stands at 9.07% at a $1,046,000 entry. Equity gained on principal adds $6,750/yr while 5% annual appreciation compounds into $288,991 by year five. Five-year ROI records 121.14% and total cumulative return in cash reaches $410,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,903/mo property income versus a $5,120/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
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Listed by: Phoebe V. Finch • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079535
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.