490 Lazy Lane, Southington, CT, 06489 | 3.52% Rental Yield

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490 Lazy Lane, Southington, CT, 06489 | 3.52% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Southington at 490 Lazy Lane, Southington, CT, 06489 offers $2,640/mo rent that, after a $4,405/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 5.98% in year one, and rental yield stands at 3.52% at a $899,900 entry. Equity gained on principal adds $5,807/yr while 5% annual appreciation compounds into $248,626 by year five. Five-year ROI records 28.9% and total cumulative return in cash reaches $85,564. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $4,405/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

4.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your future dream home! This to be built colonial will sit on a picturesque 4.32-acre lot. The property features a serene private pond and directly abuts town open space, offering additional privacy and natural beauty right in your backyard. It is located in a desirable area close to shopping, restaurants and has easy access to major highways. At just under 2,800 square feet this 4 bedroom 2.5 bath home will have a thoughtfully designed layout. The plans include an open concept living area with a spacious kitchen. It is a perfect opportunity to live in a great community and be able to put your own touch on a new build. Don't miss the chance to customize your finishes and make this home truly your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 06489, Southington, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,640 (100%)
Owner Occupied HU	10,928 (80.1%)
Renter Occupied HU	2,275 (16.7%)
Vacant Housing Units	437 ( 3.2%)
Median Home Value	$418,374
Average Home Value	$460,971