406 Lady Bug Ln #406Vernon RockvilleCT06066
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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 Vernon Rockville at 406 Lady Bug Ln #406, Vernon Rockville, CT, 06066 uses $67,924 cash to close to unlock $1,472/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,790/mo, and a $1,003/mo payment keeps the spread at $123/mo. Purchase price stands at $204,900, and rental yield measures 10.48% with $1,790/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 117.04% and total cumulative return in cash records $79,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,790/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: Jennifer Holt • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080545
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.