5 Farnham RoadMorrisCT06763
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
Investment Highlights
Rental property for sale in Morris at 5 Farnham Road, Morris, CT, 06763 priced at $849,000 pairs $7,342/mo rent with $1,574/mo cash flow after a $4,155/mo payment. Total monthly income equals $7,342/mo, and annual cash flow comes to $18,887/yr on $279,321 invested. Return on cash invested is 26.82% in year one, and rental yield stands at 10.38% on a $849,000 basis. Equity gained on principal adds $5,478/yr, and 5% annual appreciation accumulates to $234,563 by year five. Five-year ROI measures 140.67% and total cumulative return in cash reaches $392,924. For financing, Ziffy Mortgage’s DSCR program evaluates $7,342/mo property income against a $4,155/mo payment instead of your W2s, 1099s, or Tax returns.
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
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Nearby investment properties with comparable prices
Listed by: Corinne Tartaglia • BHGRE Gaetano Marra Homes
Mls Name: Smart MLS
Mls ID: #24106348