496 Jude LnSouthingtonCT06489
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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 Southington at 496 Jude Ln, Southington, CT, 06489 priced at $413,000 converts $2,740/mo rent into after a $2,021/mo obligation. Total monthly income equals $2,740/mo. Return on cash invested prints 19.33% in year one, and rental yield reads 7.96% against a $413,000 entry. Equity gained on principal adds $2,665/yr, while 5% annual appreciation compiles into $114,104 by year five. Five-year ROI reaches 100.56% and total cumulative return in cash sums $137,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,740/mo property income covering a $2,021/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.55 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
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Listed by: Kim Lambert • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092385
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.