46 Deer LaneMorrisCT06763
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 46 Deer Lane, Morris, CT, 06763 in Morris at $539,900. Rental yield 7.6%. The 7.6% yield and 1.34 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $149,164 by year five, and $4,526/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $180,015.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.5% |
| Monthly Cash Flow | $(249) | $300 |
City averages based on Morris market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,419 |
| Total Monthly Debt Service | $3,585 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
2.63 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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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
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Listed by: Shawna M. Mucherino • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24109235
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.
