438 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
Investment property for sale in Southbury at 438 Heritage Village #B, Southbury, CT, 06488 at $340,000 posts ROI 21.61% with $160/mo cash flow from $3,216/mo rent. Total monthly income equals $3,216/mo, and annual cash flow records $1,920/yr on $112,710 to close. Return on cash invested measures 21.61% and rental yield reads 11.35% at the current $340,000. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 by year five. Five-year ROI prints 115.64% and total cumulative return in cash totals $130,338.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,216/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1970
N/A lot
$N/A/sqft
$746 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: Kat Parlato • Drakeley Real Estate, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093741
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.