40 Magellan LnEastonCT06612
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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 Easton at 40 Magellan Ln, Easton, CT, 06612 priced at $1,399,000 pairs $5,153/mo rent with after a $6,847/mo payment. Total monthly income equals $5,153/mo. Return on cash invested is 8.85% in year one, and rental yield stands at 4.42% on a $1,399,000 basis. Equity gained on principal adds $9,028/yr, and 5% annual appreciation accumulates to $386,518 by year five. Five-year ROI measures 44.24% and total cumulative return in cash reaches $200,513. For financing, Ziffy Mortgage’s DSCR program evaluates $5,153/mo property income against a $6,847/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
3.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06612, Easton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,716 (100%) |
| Owner Occupied HU | 2,418 (89.0%) |
| Renter Occupied HU | 171 ( 6.3%) |
| Vacant Housing Units | 127 ( 4.7%) |
| Median Home Value | $753,796 |
| Average Home Value | $796,334 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,721
Multi-Family
0
Businesses
113
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Listed by: Carol Alexander • Berkshire Hathaway HomeServices New England Properties
Mls Name: Berkshire Hathaway HomeServices New England Properties
Mls ID: #CS3731