7 Lawrence AvenueCanaanCT06018
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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 7 Lawrence Avenue, Canaan, CT, 06018 priced at $315,500 pairs $2,111/mo rent with after a $1,544/mo payment. Total monthly income equals $2,111/mo. Return on cash invested is 19.54% in year one, and rental yield stands at 8.03% on a $315,500 basis. Equity gained on principal adds $2,036/yr, and 5% annual appreciation accumulates to $87,167 by year five. Five-year ROI measures 101.65% and total cumulative return in cash reaches $106,314. For financing, Ziffy Mortgage’s DSCR program evaluates $2,111/mo property income against a $1,544/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1939
0.45 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: Nikki Blass • Raynard & Peirce Realty,LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098506
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.