46 Thayer RoadHigganumCT06441
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 46 Thayer Road, Higganum, CT, 06441 in Higganum hard to pass up. The 10.93% gross yield on a $359,999 purchase results in $3,280/mo in rent and $834/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.03). Annual cash flow of $10,003, five-year appreciation of $99,461, and $3,316/yr in equity build-up combine for a projected total cumulative return of $191,114.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 5.0% |
| Monthly Cash Flow | $834 | $2,000 |
City averages based on Higganum market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,280 |
| Total Monthly Debt Service | $2,303 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.