61 Richardson RoadMontpelierVT05602
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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 Montpelier at 61 Richardson Road, Montpelier, VT, 05602 listed at $495,500 pairs $3,220/mo rent with a $2,425/mo payment. Total monthly income runs $3,220/mo. Return on cash invested measures 19.35% in year one, and rental yield registers 7.8% at a $495,500 basis. Equity gained on principal adds $3,197/yr, and annual property appreciation at 5% supports $136,898 by year five. Five-year ROI tracks 100.46% and total cumulative return in cash totals $165,011. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,220/mo property income relative to a $2,425/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05602, Montpelier, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,099 (100%) |
| Owner Occupied HU | 3,698 (60.6%) |
| Renter Occupied HU | 1,967 (32.3%) |
| Vacant Housing Units | 434 ( 7.1%) |
| Median Home Value | $386,997 |
| Average Home Value | $427,179 |
Housing Distribution
Address Breakdown
Residential
6,056
Single Family
5,636
Multi-Family
420
Businesses
730
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Listed by: Timothy Heney • Heney Realtors - Element Real Estate (Montpelier)
Mls Name: PrimeMLS
Mls ID: #5062806