60 Lakeview Ave #1New CanaanCT06840
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 60 Lakeview Ave #1, New Canaan, CT, 06840 in New Canaan hard to pass up. The 10.5% gross yield on a $835,000 purchase results in $7,308/mo in rent and $1,212/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.95). Annual cash flow of $14,539, five-year appreciation of $230,695, and $7,690/yr in equity build-up combine for a projected total cumulative return of $398,632.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.0% |
| Monthly Cash Flow | $1,212 | $2,000 |
City averages based on New Canaan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,308 |
| Total Monthly Debt Service | $5,764 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
N/A lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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
Condo
Built in 1972
N/A lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pinnacle Team at Compass • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083007
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.