71 Chestnut DriveDerbyCT06418
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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 Derby at 71 Chestnut Drive, Derby, CT, 06418 generates $2,817/mo in rent and, after a $1,503/mo payment, leaves $729/mo in cash flow. Total monthly income is $2,817/mo, and annual cash flow is $8,750/yr on $101,771 invested. Return on cash invested sits at 28.51% in year one, and rental yield is 11.01% on a $307,000 entry. Equity gained on principal adds $1,981/yr, while 5% annual appreciation builds toward $84,818 over five years. Five-year ROI reaches 149.8% and total cumulative return in cash sums $152,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,817/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06418, Derby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,840 (100%) |
| Owner Occupied HU | 3,292 (56.4%) |
| Renter Occupied HU | 2,222 (38.0%) |
| Vacant Housing Units | 326 ( 5.6%) |
| Median Home Value | $294,454 |
| Average Home Value | $345,936 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,220
Multi-Family
259
Businesses
410
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Listed by: Paige E. Slocum • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097308
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.