46 Shunpike RoadDurhamCT06422
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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 Durham at 46 Shunpike Road, Durham, CT, 06422 offers $3,456/mo rent that, after a $3,042/mo payment. Total monthly income is $3,456/mo. Return on cash invested measures 15.56% in year one, and rental yield stands at 6.67% at a $621,500 entry. Equity gained on principal adds $4,010/yr while 5% annual appreciation compounds into $171,709 by year five. Five-year ROI records 80.3% and total cumulative return in cash reaches $164,202. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,456/mo property income versus a $3,042/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
8.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06422, Durham, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,876 (100%) |
| Owner Occupied HU | 2,574 (89.5%) |
| Renter Occupied HU | 200 ( 7.0%) |
| Vacant Housing Units | 102 ( 3.5%) |
| Median Home Value | $459,516 |
| Average Home Value | $524,994 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
263
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Listed by: Nikki Travaglino • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24119011
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.