401 Heritage Village #BSouthburyCT06488
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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 Southbury at 401 Heritage Village #B, Southbury, CT, 06488 priced at $361,000 converts $3,293/mo rent into $117/mo cash flow after a $1,767/mo obligation. Total monthly income equals $3,293/mo, and annual cash flow totals $1,405/yr on $119,672 invested. Return on cash invested prints 21.08% in year one, and rental yield reads 10.95% against a $361,000 entry. Equity gained on principal adds $2,329/yr, while 5% annual appreciation compiles into $99,738 by year five. Five-year ROI reaches 112.6% and total cumulative return in cash sums $134,747. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,293/mo property income covering a $1,767/mo payment, not borrower’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$723 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Steve Bennett • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24055157
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.