36 Heather Ridge #36SheltonCT06484
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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 Shelton at 36 Heather Ridge #36, Shelton, CT, 06484 priced at $265,000 converts $2,395/mo rent into $303/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,395/mo, and annual cash flow totals $3,630/yr on $87,848 invested. Return on cash invested prints 24.04% in year one, and rental yield reads 10.85% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 127.26% and total cumulative return in cash sums $111,795. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,395/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$292 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: David Collins • Fidelity Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090373
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.