515 Heritage Village #ASouthburyCT06488
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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 Southbury at 515 Heritage Village #A, Southbury, CT, 06488 listed at $349,900 pairs $2,382/mo rent with a $1,713/mo payment to leave $4/mo cash flow. Total monthly income runs $2,382/mo, and annual cash flow reaches $50/yr on $115,992 cash to close. Return on cash invested measures 19.95% in year one, and rental yield registers 8.17% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 103.9% and total cumulative return in cash totals $120,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,382/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Andrew Walker • Around Town Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24123885