46 Thayer RoadHigganumCT06441
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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 Higganum at 46 Thayer Road, Higganum, CT, 06441 generates $3,280/mo in rent and, after a $1,762/mo payment, leaves $834/mo in cash flow. Total monthly income is $3,280/mo, and annual cash flow is $10,008/yr on $119,340 invested. Return on cash invested sits at 28.3% in year one, and rental yield is 10.93% on a $359,999 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 148.61% and total cumulative return in cash sums $177,345. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06441, Higganum, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,205 (100%) |
| Owner Occupied HU | 1,928 (87.4%) |
| Renter Occupied HU | 178 ( 8.1%) |
| Vacant Housing Units | 99 ( 4.5%) |
| Median Home Value | $480,524 |
| Average Home Value | $556,845 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
132
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Listed by: Jaquan Grace • Clermont Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24117135
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.