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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Higganum at 5 Lake Point, Higganum, CT, 06441 offers a 7.19% rental yield on a $417,850 purchase with $2,503/mo rent. 71% in year one. Equity gained on principal adds $2,696/yr while 5% annual appreciation supports $115,444 over five years. Portfolio math shows five-year ROI at 86.58% and total cumulative return in cash at $119,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,503/mo property income against a $2,045/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood data shown for ZIP Code: 06441, Higganum, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,205 (100%) |
| Owner Occupied HU | 1,928 (87.4%) |
| Renter Occupied HU | 178 ( 8.1%) |
| Vacant Housing Units | 99 ( 4.5%) |
| Median Home Value | $480,524 |
| Average Home Value | $556,845 |
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
132
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Sold | $417,850 |
| 2025-06-17 | Pending sale | $389,900 |
| 2025-06-14 | Listed for sale | $389,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $4288.00 | 1.42% | $124,820 | N/A |
| 2023-10-26 | $4228.00 | 4.78% | $124,820 | N/A |
| 2022-10-26 | $4035.00 | 0.52% | $124,820 | N/A |
What's Special
Access Via Hatch
Listed by: Dan Burgio • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103976
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.
