47 Long View DriveSimsburyCT06070
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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 Simsbury at 47 Long View Drive, Simsbury, CT, 06070 priced at $585,000 converts $4,766/mo rent into $792/mo cash flow after a $2,863/mo obligation. Total monthly income equals $4,766/mo, and annual cash flow totals $9,498/yr on $192,465 invested. Return on cash invested prints 25% in year one, and rental yield reads 9.78% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 130.89% and total cumulative return in cash sums $251,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,766/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Single Family
Built in 1962
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06070, Simsbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,392 (100%) |
| Owner Occupied HU | 4,957 (77.6%) |
| Renter Occupied HU | 1,182 (18.5%) |
| Vacant Housing Units | 253 ( 4.0%) |
| Median Home Value | $463,263 |
| Average Home Value | $503,236 |
Housing Distribution
Address Breakdown
Residential
6,279
Single Family
6,041
Multi-Family
238
Businesses
515
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Listed by: Mikaila Riedel • eXp Realty
Mls Name: Smart MLS
Mls ID: #24140553