402 Bantam Lake RoadMorrisCT06763
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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 Morris at 402 Bantam Lake Road, Morris, CT, 06763 listed at $1,650,000 pairs $6,540/mo rent with a $8,076/mo payment. Total monthly income runs $6,540/mo. Return on cash invested measures 9.88% in year one, and rental yield registers 4.76% at a $1,650,000 basis. Equity gained on principal adds $10,647/yr, and annual property appreciation at 5% supports $455,865 by year five. Five-year ROI tracks 49.8% and total cumulative return in cash totals $266,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,540/mo property income relative to a $8,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
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Listed by: Elisa Waysenson • Bain Real Estate
Mls Name: Smart MLS
Mls ID: #24114745