424 Racebrook RoadOrangeCT06477
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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 Orange at 424 Racebrook Road, Orange, CT, 06477 priced at $1,369,000 pairs $4,906/mo rent with after a $6,701/mo payment. Total monthly income equals $4,906/mo. Return on cash invested is 8.48% in year one, and rental yield stands at 4.3% on a $1,369,000 basis. Equity gained on principal adds $8,834/yr, and 5% annual appreciation accumulates to $378,229 by year five. Five-year ROI measures 42.25% and total cumulative return in cash reaches $187,387. For financing, Ziffy Mortgage’s DSCR program evaluates $4,906/mo property income against a $6,701/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06477, Orange, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,541 (100%) |
| Owner Occupied HU | 4,693 (84.7%) |
| Renter Occupied HU | 668 (12.1%) |
| Vacant Housing Units | 180 ( 3.2%) |
| Median Home Value | $503,024 |
| Average Home Value | $549,410 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,118
Multi-Family
361
Businesses
734
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Listed by: Frank J. D'Ostilio • Houlihan Lawrence WD
Mls Name: Smart MLS
Mls ID: #24120871