37 Carriage DriveAvonCT06001
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 Avon at 37 Carriage Drive, Avon, CT, 06001 priced at $559,000 converts $4,048/mo rent into $250/mo cash flow after a $2,736/mo obligation. Total monthly income equals $4,048/mo, and annual cash flow totals $2,999/yr on $183,911 invested. Return on cash invested prints 21.69% in year one, and rental yield reads 8.69% against a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation compiles into $154,441 by year five. Five-year ROI reaches 113.16% and total cumulative return in cash sums $208,107. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,048/mo property income covering a $2,736/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06001, Avon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,867 (100%) |
| Owner Occupied HU | 6,248 (79.4%) |
| Renter Occupied HU | 1,192 (15.2%) |
| Vacant Housing Units | 427 ( 5.4%) |
| Median Home Value | $541,074 |
| Average Home Value | $597,313 |
Housing Distribution
Address Breakdown
Residential
7,864
Single Family
7,314
Multi-Family
550
Businesses
934
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Listed by: Cathy L. Creasey • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24129226