7 Canterbury LaneMonroeCT06468
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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
Investment property for sale in Monroe at 7 Canterbury Lane, Monroe, CT, 06468 listed at $800,000 pairs $5,176/mo rent with a $3,916/mo payment. Total monthly income runs $5,176/mo. Return on cash invested measures 18.87% in year one, and rental yield registers 7.76% at a $800,000 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $221,025 by year five. Five-year ROI tracks 98.06% and total cumulative return in cash totals $258,092. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,176/mo property income relative to a $3,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
1.35 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: Taylor Shapiro • Executive Real Estate Inc.
Mls Name: Smart MLS
Mls ID: #24146580