70 Smith LaneBurlingtonCT06013
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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 Burlington at 70 Smith Lane, Burlington, CT, 06013 offers a 11.58% rental yield on a $414,000 purchase with $3,995/mo rent. Total monthly income registers $3,995/mo, and a $2,026/mo payment leaves $1,182/mo available for distribution. Annual cash flow reaches $14,189/yr on $137,241 to close, and return on cash invested stands at 30.25% in year one. Equity gained on principal adds $2,671/yr while 5% annual appreciation supports $114,381 over five years. Portfolio math shows five-year ROI at 159.09% and total cumulative return in cash at $218,335. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,995/mo property income against a $2,026/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06013, Burlington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,742 (100%) |
| Owner Occupied HU | 3,383 (90.4%) |
| Renter Occupied HU | 211 ( 5.6%) |
| Vacant Housing Units | 148 ( 4.0%) |
| Median Home Value | $454,238 |
| Average Home Value | $484,427 |
Housing Distribution
Address Breakdown
Residential
3,653
Single Family
3,612
Multi-Family
41
Businesses
175
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Listed by: Maxwell Castrogiovanni • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103558
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.