701 Heritage Village #BSouthburyCT06488
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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 Southbury at 701 Heritage Village #B, Southbury, CT, 06488 priced at $329,000 pairs $2,366/mo rent with $131/mo cash flow after a $1,610/mo payment. Total monthly income equals $2,366/mo, and annual cash flow comes to $1,571/yr on $109,064 invested. Return on cash invested is 21.35% in year one, and rental yield stands at 8.63% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 111.36% and total cumulative return in cash reaches $121,449. For financing, Ziffy Mortgage’s DSCR program evaluates $2,366/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Claudia Fox • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24137961