643 Heritage Village #ASouthburyCT06488
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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 Southbury at 643 Heritage Village #A, Southbury, CT, 06488 priced at $369,900 converts $2,340/mo rent into after a $1,810/mo obligation. Total monthly income equals $2,340/mo. Return on cash invested prints 18.22% in year one, and rental yield reads 7.59% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 94.59% and total cumulative return in cash sums $115,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Timothy Drakeley • Drakeley Real Estate, Inc.
Mls Name: Smart MLS
Mls ID: #24119411