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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Morris at 37 E Morris Ln, Morris, CT, 06763 offers a 7.05% rental yield on a $674,900 purchase with $3,964/mo rent. 54% in year one. Equity gained on principal adds $4,355/yr while 5% annual appreciation supports $186,462 over five years. Portfolio math shows five-year ROI at 85.6% and total cumulative return in cash at $190,075. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,964/mo property income against a $3,303/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
5.85 Acres lot
$N/A/sqft
$30 monthly HOA
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
Date | Event | Price |
|---|---|---|
| 2025-05-17 | Listed for sale | $674,900 |
| 2025-05-09 | Listing removed | $674,900 |
| 2025-03-01 | Listed for sale | $674,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-22 | $5568.00 | -3.93% | $316,730 | N/A |
| 2023-05-22 | $5796.00 | 4.77% | $316,730 | 37.36% |
| 2022-05-22 | $5532.00 | -0.11% | $230,580 | 2.55% |
What's Special
Walk-up
Listed by: Susan Belmonte • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077103
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.
