7 Cross Brook RoadNewtownCT06470
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 Newtown at 7 Cross Brook Road, Newtown, CT, 06470 generates $2,640/mo in rent, after a $2,149/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 17.08% in year one, and rental yield is 7.22% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 88.45% and total cumulative return in cash sums $128,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06470, Newtown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,335 (100%) |
| Owner Occupied HU | 5,158 (81.4%) |
| Renter Occupied HU | 829 (13.1%) |
| Vacant Housing Units | 348 ( 5.5%) |
| Median Home Value | $581,346 |
| Average Home Value | $622,156 |
Housing Distribution
Address Breakdown
Residential
6,300
Single Family
6,159
Multi-Family
141
Businesses
737
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Mele • Dorrance Realty
Mls Name: Smart MLS
Mls ID: #24136709