498 Long Hill AvenueSheltonCT06484
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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
Investment property for sale in Shelton at 498 Long Hill Avenue, Shelton, CT, 06484 uses $180,917 cash to close to unlock $27,170/yr annual cash flow and $2,264/mo monthly cash flow. Total monthly income runs $6,000/mo, and a $2,691/mo payment keeps the spread at $2,264/mo. Purchase price stands at $549,900, and rental yield measures 13.09% with $6,000/mo rent. Return on cash invested shows 35.08% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 184.97% and total cumulative return in cash records $334,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,000/mo property income covering a $2,691/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Brendan Carey • Carey & Guarrera Real Estate
Mls Name: Smart MLS
Mls ID: #24100685