53 Morris Hubbard RdHigganumCT06441
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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 Higganum at 53 Morris Hubbard Rd, Higganum, CT, 06441 uses $109,064 cash to close to unlock $9,419/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $3,020/mo, and a $1,610/mo payment keeps the spread at $785/mo. Purchase price stands at $329,000, and rental yield measures 11.02% with $3,020/mo rent. Return on cash invested shows 28.55% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 149.94% and total cumulative return in cash records $163,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,020/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06441, Higganum, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
132
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Listed by: Kevin D. Rockoff • Rockoff Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090528
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.