492 Newtown TurnpiWestonCT06883
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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 Weston at 492 Newtown Turnpi, Weston, CT, 06883 offers $2,450/mo rent that, after a $1,757/mo payment, leaves $11/mo cash flow. Total monthly income is $2,450/mo, and annual cash flow is $131/yr on $119,009 cash. Return on cash invested measures 20.02% in year one, and rental yield stands at 8.19% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 104.22% and total cumulative return in cash reaches $124,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,450/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06883, Weston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 3,200 (87.8%) |
| Renter Occupied HU | 228 ( 6.3%) |
| Vacant Housing Units | 215 ( 5.9%) |
| Median Home Value | $958,293 |
| Average Home Value | $1,122,577 |
Housing Distribution
Address Breakdown
Residential
3,592
Single Family
3,592
Multi-Family
0
Businesses
132
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Listed by: Lindsey Mullholand • Douglas Elliman
Mls Name: Douglas Elliman
Mls ID: #24135326