5 Farnham RoadMorrisCT06763
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 5 Farnham Road, Morris, CT, 06763 in Morris hard to pass up. The 10.38% gross yield on a $849,000 purchase results in $7,342/mo in rent and $1,573/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.92). Annual cash flow of $18,877, five-year appreciation of $234,563, and $7,819/yr in equity build-up combine for a projected total cumulative return of $425,381.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.5% |
| Monthly Cash Flow | $1,573 | $300 |
City averages based on Morris market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,342 |
| Total Monthly Debt Service | $5,431 |
| DSCR Ratio | 1.35x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Corinne Tartaglia • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls ID: #24106348