60 Old Town Road #24VernonCT06066
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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 Vernon at 60 Old Town Road #24, Vernon, CT, 06066 listed at $214,900 pairs $1,790/mo rent with a $1,052/mo payment to leave $330/mo cash flow. Total monthly income runs $1,790/mo, and annual cash flow reaches $3,956/yr on $71,239 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 10% at a $214,900 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,373 by year five. Five-year ROI tracks 133.43% and total cumulative return in cash totals $95,058. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,790/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: Earl D. Melendy • RE/MAX One
Mls Name: Smart MLS
Mls ID: #24143770