6 Joan DriveNewtownCT06470
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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
Rental property for sale in Newtown at 6 Joan Drive, Newtown, CT, 06470 priced at $449,900 converts $4,148/mo rent into $1,091/mo cash flow after a $2,202/mo obligation. Total monthly income equals $4,148/mo, and annual cash flow totals $13,094/yr on $149,142 invested. Return on cash invested prints 28.69% in year one, and rental yield reads 11.06% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 150.73% and total cumulative return in cash sums $224,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,148/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1966
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06470, Newtown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 5,158 (81.4%) |
| Renter Occupied HU | 829 (13.1%) |
| Vacant Housing Units | 348 ( 5.5%) |
| Median Home Value | $581,346 |
| Average Home Value | $622,156 |
Housing Distribution
Address Breakdown
Residential
6,300
Single Family
6,159
Multi-Family
141
Businesses
737
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Listed by: Connie Widmann • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24121162