43 Merideth RdMiddleburyCT06762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Middlebury at 43 Merideth Rd, Middlebury, CT, 06762 priced at $385,000 converts $3,748/mo rent into $1,133/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,748/mo, and annual cash flow totals $13,590/yr on $127,628 invested. Return on cash invested prints 30.56% in year one, and rental yield reads 11.68% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 160.74% and total cumulative return in cash sums $205,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,748/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06762, Middlebury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 2,778 (85.9%) |
| Renter Occupied HU | 280 ( 8.7%) |
| Vacant Housing Units | 177 ( 5.5%) |
| Median Home Value | $498,512 |
| Average Home Value | $531,036 |
Housing Distribution
Address Breakdown
Residential
3,042
Single Family
2,970
Multi-Family
72
Businesses
402
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Listed by: Christina Zainc • BHGRE Bannon & Hebert
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24077995
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.