46 Rockledge DriveAvonCT06001
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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 Avon at 46 Rockledge Drive, Avon, CT, 06001 generates $3,545/mo in rent, after a $2,912/mo payment. Total monthly income is $3,545/mo. Return on cash invested sits at 17.01% in year one, and rental yield is 7.15% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 88.07% and total cumulative return in cash sums $172,394. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,545/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06001, Avon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,867 (100%) |
| Owner Occupied HU | 6,248 (79.4%) |
| Renter Occupied HU | 1,192 (15.2%) |
| Vacant Housing Units | 427 ( 5.4%) |
| Median Home Value | $541,074 |
| Average Home Value | $597,313 |
Housing Distribution
Address Breakdown
Residential
7,864
Single Family
7,314
Multi-Family
550
Businesses
934
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Listed by: Margo A. Ross • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24118168