68 East Main StreetCanaanCT06018
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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 Canaan at 68 East Main Street, Canaan, CT, 06018 offers $4,961/mo rent that, after a $1,972/mo payment, leaves $2,061/mo cash flow. Total monthly income is $4,961/mo, and annual cash flow is $24,737/yr on $133,595 cash. Return on cash invested measures 38.43% in year one, and rental yield stands at 14.77% at a $403,000 entry. Equity gained on principal adds $2,600/yr while 5% annual appreciation compounds into $111,341 by year five. Five-year ROI records 203.47% and total cumulative return in cash reaches $271,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,961/mo property income versus a $1,972/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1877
4.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06018, Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 758 (56.7%) |
| Renter Occupied HU | 424 (31.7%) |
| Vacant Housing Units | 154 (11.5%) |
| Median Home Value | $305,785 |
| Average Home Value | $398,186 |
Housing Distribution
Address Breakdown
Residential
960
Single Family
778
Multi-Family
182
Businesses
195
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Listed by: Kelly Sullivan • Sullivan Real Estate Inc
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092664
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.