74 Joy RoadMiddleburyCT06762
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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 Middlebury at 74 Joy Road, Middlebury, CT, 06762 offers a 8.72% rental yield on a $449,900 purchase with $3,269/mo rent. Total monthly income registers $3,269/mo, and a $2,202/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,546/yr on $149,142 to close, and return on cash invested stands at 21.62% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 112.8% and total cumulative return in cash at $168,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,269/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06762, Middlebury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 2,778 (85.9%) |
| Renter Occupied HU | 280 ( 8.7%) |
| Vacant Housing Units | 177 ( 5.5%) |
| Median Home Value | $498,512 |
| Average Home Value | $531,036 |
Housing Distribution
Address Breakdown
Residential
3,042
Single Family
2,970
Multi-Family
72
Businesses
402
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Listed by: Tommy Dorso • Mapleridge Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107316
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.