63 Morris RoadProspectCT06712
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
Investment Highlights
Rental property for sale in Prospect at 63 Morris Road, Prospect, CT, 06712 priced at $294,500 pairs $1,978/mo rent with after a $1,441/mo payment. Total monthly income equals $1,978/mo. Return on cash invested is 19.38% in year one, and rental yield stands at 8.06% on a $294,500 basis. Equity gained on principal adds $1,900/yr, and 5% annual appreciation accumulates to $81,365 by year five. Five-year ROI measures 100.94% and total cumulative return in cash reaches $98,545. For financing, Ziffy Mortgage’s DSCR program evaluates $1,978/mo property income against a $1,441/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06712, Prospect, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,813 (100%) |
| Owner Occupied HU | 3,462 (90.8%) |
| Renter Occupied HU | 242 ( 6.3%) |
| Vacant Housing Units | 109 ( 2.9%) |
| Median Home Value | $422,004 |
| Average Home Value | $449,272 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda A. Mayfield • RE/MAX RISE
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24128085
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.