471 Lime Rock RoadLakevilleCT06039
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
Rental property for sale in Lakeville at 471 Lime Rock Road, Lakeville, CT, 06039 offers $2,880/mo rent that, after a $1,953/mo payment, leaves $169/mo cash flow. Total monthly income is $2,880/mo, and annual cash flow is $2,027/yr on $132,269 cash. Return on cash invested measures 21.44% in year one, and rental yield stands at 8.66% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 111.85% and total cumulative return in cash reaches $147,938. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,880/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06039, Lakeville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,165 (100%) |
| Owner Occupied HU | 615 (52.8%) |
| Renter Occupied HU | 195 (16.7%) |
| Vacant Housing Units | 355 (30.5%) |
| Median Home Value | $750,977 |
| Average Home Value | $977,179 |
Housing Distribution
Address Breakdown
Residential
698
Single Family
698
Multi-Family
0
Businesses
141
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Listed by: Tanner Sneed • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls ID: #24138085