660 Cedar GroveOrangeCT06477
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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 Orange at 660 Cedar Grove, Orange, CT, 06477 offers $5,734/mo rent that, after a $3,279/mo payment, leaves $975/mo cash flow. Total monthly income is $5,734/mo, and annual cash flow is $11,705/yr on $220,430 cash. Return on cash invested measures 25.37% in year one, and rental yield stands at 10.27% at a $670,000 entry. Equity gained on principal adds $4,323/yr while 5% annual appreciation compounds into $185,109 by year five. Five-year ROI records 133.31% and total cumulative return in cash reaches $293,849. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,734/mo property income versus a $3,279/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06477, Orange, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,541 (100%) |
| Owner Occupied HU | 4,693 (84.7%) |
| Renter Occupied HU | 668 (12.1%) |
| Vacant Housing Units | 180 ( 3.2%) |
| Median Home Value | $503,024 |
| Average Home Value | $549,410 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,118
Multi-Family
361
Businesses
734
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Listed by: Maribeth B. Lightowler • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098967
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.