740 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
Total monthly income runs $2,340/mo, and a $2,080/mo payment. Purchase price stands at $424,900, and rental yield measures 6.61% with $2,340/mo rent. Return on cash invested shows 15.25% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 78.63% and total cumulative return in cash records $110,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1972
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: Daniel Essig • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24116195