477 Skyline DriveOrangeCT06477
Nearby investment properties with comparable rents
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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 Orange at 477 Skyline Drive, Orange, CT, 06477 priced at $735,000 converts $5,024/mo rent into $31/mo cash flow after a $3,597/mo obligation. Total monthly income equals $5,024/mo, and annual cash flow totals $366/yr on $241,815 invested. Return on cash invested prints 20.21% in year one, and rental yield reads 8.2% against a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation compiles into $203,067 by year five. Five-year ROI reaches 105.23% and total cumulative return in cash sums $254,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,024/mo property income covering a $3,597/mo payment, not borrower’s personal income.
Single Family
Built in 1972
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06477, Orange, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,541 (100%) |
| Owner Occupied HU | 4,693 (84.7%) |
| Renter Occupied HU | 668 (12.1%) |
| Vacant Housing Units | 180 ( 3.2%) |
| Median Home Value | $503,024 |
| Average Home Value | $549,410 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,118
Multi-Family
361
Businesses
734
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Listed by: Karissa Reyes • mygoodagent
Mls Name: Smart MLS
Mls ID: #24109854