38 Olympic DrDanburyCT06810
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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
Investment property for sale in Danbury at 38 Olympic Dr, Danbury, CT, 06810 uses $197,400 cash to close to unlock $12,576/yr annual cash flow and $1,048/mo monthly cash flow. Total monthly income runs $5,125/mo, and a $2,937/mo payment keeps the spread at $1,048/mo. Purchase price stands at $599,999, and rental yield measures 10.25% with $5,125/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 138.57% and total cumulative return in cash records $273,539. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,125/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06810, Danbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,747 (100%) |
| Owner Occupied HU | 8,815 (40.5%) |
| Renter Occupied HU | 11,888 (54.7%) |
| Vacant Housing Units | 1,044 ( 4.8%) |
| Median Home Value | $403,470 |
| Average Home Value | $450,314 |
Housing Distribution
Address Breakdown
Residential
20,768
Single Family
16,476
Multi-Family
4,292
Businesses
2,047
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Listed by: Property Twins Team at Houlihan Lawrence • Houlihan Lawrence
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084766
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.