8 Austin DriveNew FairfieldCT06812
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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 New Fairfield at 8 Austin Drive, New Fairfield, CT, 06812 uses $230,267 cash to close to unlock $13,994/yr annual cash flow and $1,166/mo monthly cash flow. Total monthly income runs $5,922/mo, and a $3,426/mo payment keeps the spread at $1,166/mo. Purchase price stands at $699,900, and rental yield measures 10.15% with $5,922/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 137.03% and total cumulative return in cash records $315,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,922/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1992
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06812, New Fairfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,610 (100%) |
| Owner Occupied HU | 4,617 (82.3%) |
| Renter Occupied HU | 356 ( 6.3%) |
| Vacant Housing Units | 637 (11.4%) |
| Median Home Value | $506,047 |
| Average Home Value | $596,835 |
Housing Distribution
Address Breakdown
Residential
5,342
Single Family
5,342
Multi-Family
0
Businesses
301
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Listed by: Cory Neumann • Houlihan Lawrence
Mls Name: Smart MLS
Mls ID: #24110513