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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% |
Rental property for sale in Monroe at 37 Highland Dr UNIT 37, Monroe, CT, 06468 offers $2,040/mo rent that, after a $1,835/mo payment. Total monthly income is $2,040/mo. Return on cash invested measures 11.1% in year one, and rental yield stands at 6.53% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 57.82% and total cumulative return in cash reaches $71,883. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
$405 monthly HOA
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
Date | Event | Price |
|---|---|---|
| 2024-09-16 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
None
Listed by: Tony Vitti • Colonial Properties Inc
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24046990
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.
