78 Hendee RoadAndoverCT06232
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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 Andover at 78 Hendee Road, Andover, CT, 06232 uses $116,025 cash to close to unlock $7,368/yr annual cash flow and $614/mo monthly cash flow. Total monthly income runs $2,992/mo, and a $1,713/mo payment keeps the spread at $614/mo. Purchase price stands at $350,000, and rental yield measures 10.26% with $2,992/mo rent. Return on cash invested shows 26.26% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 137.67% and total cumulative return in cash records $159,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,992/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1985
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06232, Andover, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 1,107 (85.2%) |
| Renter Occupied HU | 151 (11.6%) |
| Vacant Housing Units | 42 ( 3.2%) |
| Median Home Value | $398,640 |
| Average Home Value | $458,295 |
Housing Distribution
Address Breakdown
Residential
1,270
Single Family
1,247
Multi-Family
23
Businesses
61
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Listed by: Kim A. Gates • Gateway Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104098
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.