671 Elm StreetMonroeCT06468
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 Monroe at 671 Elm Street, Monroe, CT, 06468 priced at $680,000 converts $4,800/mo rent into $180/mo cash flow after a $3,328/mo obligation. Total monthly income equals $4,800/mo, and annual cash flow totals $2,160/yr on $223,720 invested. Return on cash invested prints 21.03% in year one, and rental yield reads 8.47% against a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation compiles into $187,871 by year five. Five-year ROI reaches 109.59% and total cumulative return in cash sums $245,172. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,800/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Single Family
Built in 1960
1.03 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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Nearby investment properties with comparable prices
Listed by: Konstantinos Milas • Milas Realty Advisors
Mls Name: Smart MLS
Mls ID: #24149620