47 Mill Landing Road #47HebronCT06248
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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
Investment property for sale in Hebron at 47 Mill Landing Road #47, Hebron, CT, 06248 uses $120,964 cash to close to unlock $4,304/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $2,838/mo, and a $1,786/mo payment keeps the spread at $359/mo. Purchase price stands at $364,900, and rental yield measures 9.33% with $2,838/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 122.72% and total cumulative return in cash records $148,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,838/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06248, Hebron, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,049 (100%) |
| Owner Occupied HU | 1,807 (88.2%) |
| Renter Occupied HU | 178 ( 8.7%) |
| Vacant Housing Units | 64 ( 3.1%) |
| Median Home Value | $385,453 |
| Average Home Value | $439,626 |
Housing Distribution
Address Breakdown
Residential
2,054
Single Family
2,031
Multi-Family
23
Businesses
184
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Listed by: Cathyann M. Schulte • Countryside Realty
Mls Name: Smart MLS
Mls ID: #24122391