467 Jerome AvenueBurlingtonCT06013
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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 Burlington at 467 Jerome Avenue, Burlington, CT, 06013 priced at $325,000 converts $3,281/mo rent into $1,073/mo cash flow after a $1,591/mo obligation. Total monthly income equals $3,281/mo, and annual cash flow totals $12,870/yr on $107,738 invested. Return on cash invested prints 31.85% in year one, and rental yield reads 12.11% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 167.72% and total cumulative return in cash sums $180,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,281/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 1940
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06013, Burlington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,742 (100%) |
| Owner Occupied HU | 3,383 (90.4%) |
| Renter Occupied HU | 211 ( 5.6%) |
| Vacant Housing Units | 148 ( 4.0%) |
| Median Home Value | $454,238 |
| Average Home Value | $484,427 |
Housing Distribution
Address Breakdown
Residential
3,653
Single Family
3,612
Multi-Family
41
Businesses
175
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Listed by: Leah Pliego • Essentia Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24108601
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.