6 Melody LnIvorytonCT06442
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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 Ivoryton at 6 Melody Ln, Ivoryton, CT, 06442 offers $3,266/mo rent that, after a $2,080/mo payment, leaves $379/mo cash flow. Total monthly income is $3,266/mo, and annual cash flow is $4,544/yr on $140,854 cash. Return on cash invested measures 23.14% in year one, and rental yield stands at 9.22% at a $424,900 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,392 by year five. Five-year ROI records 120.94% and total cumulative return in cash reaches $170,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,266/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06442, Ivoryton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 1,016 (83.1%) |
| Renter Occupied HU | 151 (12.4%) |
| Vacant Housing Units | 55 ( 4.5%) |
| Median Home Value | $494,295 |
| Average Home Value | $543,295 |
Housing Distribution
Address Breakdown
Residential
1,038
Single Family
1,038
Multi-Family
0
Businesses
54
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Listed by: Rosemarie Smith • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24050199
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.