47 Great Meadow Lane #47AvonCT06001
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
Investment Highlights
Investment property for sale in Avon at 47 Great Meadow Lane #47, Avon, CT, 06001 offers a 9.43% rental yield on a $318,900 purchase with $2,506/mo rent. Total monthly income registers $2,506/mo, and a $1,561/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,069/yr on $105,715 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,106 over five years. Portfolio math shows five-year ROI at 124.31% and total cumulative return in cash at $131,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,506/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brett Eisenlohr • Farmington Woods
Mls Name: Smart MLS
Mls ID: #24124242