38 Fairmount DriveDanburyCT06811
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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 Danbury at 38 Fairmount Drive, Danbury, CT, 06811 priced at $649,990 pairs $4,314/mo rent with after a $3,181/mo payment. Total monthly income equals $4,314/mo. Return on cash invested is 19.49% in year one, and rental yield stands at 7.96% on a $649,990 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,580 by year five. Five-year ROI measures 101.37% and total cumulative return in cash reaches $216,767. For financing, Ziffy Mortgage’s DSCR program evaluates $4,314/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06811, Danbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,029 (100%) |
| Owner Occupied HU | 9,032 (75.1%) |
| Renter Occupied HU | 2,497 (20.8%) |
| Vacant Housing Units | 500 ( 4.2%) |
| Median Home Value | $467,861 |
| Average Home Value | $550,827 |
Housing Distribution
Address Breakdown
Residential
11,711
Single Family
11,114
Multi-Family
597
Businesses
620
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Listed by: Junior Sadler • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24141601