4 Strathmore Lane #4AvonCT06001
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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 Avon at 4 Strathmore Lane #4, Avon, CT, 06001 offers $4,214/mo rent that, after a $2,300/mo payment, leaves $1,021/mo cash flow. Total monthly income is $4,214/mo, and annual cash flow is $12,252/yr on $155,805 cash. Return on cash invested measures 27.77% in year one, and rental yield stands at 10.76% at a $470,000 entry. Equity gained on principal adds $3,033/yr while 5% annual appreciation compounds into $129,852 by year five. Five-year ROI records 145.79% and total cumulative return in cash reaches $227,145. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,214/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A 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: Pia G. Ciccone • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24147446