36 Old Turnpike RoadCanaanCT06018
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
Rental property for sale in Canaan at 36 Old Turnpike Road, Canaan, CT, 06018 priced at $1,145,000 converts $3,300/mo rent into after a $5,604/mo obligation. Total monthly income equals $3,300/mo. Return on cash invested prints 5.88% in year one, and rental yield reads 3.46% against a $1,145,000 entry. Equity gained on principal adds $7,389/yr, while 5% annual appreciation compiles into $316,342 by year five. Five-year ROI reaches 28.33% and total cumulative return in cash sums $105,096. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,300/mo property income covering a $5,604/mo payment, not borrower’s personal income.
Single Family
Built in 2024
8.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06018, Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 758 (56.7%) |
| Renter Occupied HU | 424 (31.7%) |
| Vacant Housing Units | 154 (11.5%) |
| Median Home Value | $305,785 |
| Average Home Value | $398,186 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
778
Multi-Family
182
Businesses
195
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elyse Harney Morris • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls ID: #24105744