514 Carriage DriveOrangeCT06477
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 Orange at 514 Carriage Drive, Orange, CT, 06477 priced at $545,000 pairs $4,328/mo rent with $580/mo cash flow after a $2,668/mo payment. Total monthly income equals $4,328/mo, and annual cash flow comes to $6,954/yr on $179,305 invested. Return on cash invested is 23.94% in year one, and rental yield stands at 9.53% on a $545,000 basis. Equity gained on principal adds $3,517/yr, and 5% annual appreciation accumulates to $150,573 by year five. Five-year ROI measures 125.33% and total cumulative return in cash reaches $224,724. For financing, Ziffy Mortgage’s DSCR program evaluates $4,328/mo property income against a $2,668/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06477, Orange, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,541 (100%) |
| Owner Occupied HU | 4,693 (84.7%) |
| Renter Occupied HU | 668 (12.1%) |
| Vacant Housing Units | 180 ( 3.2%) |
| Median Home Value | $503,024 |
| Average Home Value | $549,410 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,118
Multi-Family
361
Businesses
734
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Listed by: Matthew Nicefaro • Farnam Realty Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095606
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.