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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Canterbury at 69 Elmdale Road, Canterbury, CT, 06331 offers $1,622/mo rent that, after a $2,687/mo payment. Total monthly income is $1,622/mo. Return on cash invested measures 6.05% in year one, and rental yield stands at 3.55% at a $549,000 entry. Equity gained on principal adds $3,543/yr while 5% annual appreciation compounds into $151,679 by year five. Five-year ROI records 29.31% and total cumulative return in cash reaches $52,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,622/mo property income versus a $2,687/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
3.24 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06331, Canterbury, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 1,751 (84.8%) |
| Renter Occupied HU | 222 (10.7%) |
| Vacant Housing Units | 93 ( 4.5%) |
| Median Home Value | $363,413 |
| Average Home Value | $423,514 |
Residential
1,991
Single Family
1,915
Multi-Family
76
Businesses
92
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Irene Adams • Signature Properties of NewEng
Mls Name: Smart MLS
Mls ID: #24118714
