66 Heather RoadMonroeCT06468
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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 Monroe at 66 Heather Road, Monroe, CT, 06468 generates $4,800/mo in rent, after a $4,895/mo payment. Total monthly income is $4,800/mo. Return on cash invested sits at 12.78% in year one, and rental yield is 5.76% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 65.39% and total cumulative return in cash sums $215,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Fredda Takacs • Higgins Group Real Estate
Mls Name: Smart MLS
Mls ID: #24145104