72 North Elm Street APT 2E, Canaan, CT, 06018 | $187/mo Cash Flow

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72 North Elm Street APT 2E, Canaan, CT, 06018 | $187/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Canaan at 72 North Elm Street APT 2E, Canaan, CT, 06018 earns $187/mo cash flow from $1,240/mo rent with a $759/mo payment. Total monthly income totals $1,240/mo, and annual cash flow totals $2,238/yr on $51,383 capital. ROI tracks 24.26% on current figures, and rental yield reads 9.6% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 127.03% and total cumulative return in cash sums $65,272. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,240/mo property income instead of your personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Nicely renovated and move-in ready! This bright one-bedroom, one-bath second-floor condo offers comfortable and efficient living close to town and within the sidewalk district. The updated kitchen features stainless steel appliances and a smart, functional workspace. Beautiful bamboo floors flow throughout the open living area. The nicely sized bedroom includes a slider leading to a small landing with rear stairs. Convenient in-unit laundry hookups with an appliance included. Furniture shown in photos is included with the sale, making this a truly turnkey opportunity. New windows and slider. HOA covers trash removal, lawn care, snow plowing and locked mail boxes. Room sizes are approximate. Subject to Probate Approval.

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