8 Hickory Drive #8ProspectCT06712
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Nearby investment properties with comparable prices
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
Rental property for sale in Prospect at 8 Hickory Drive #8, Prospect, CT, 06712 priced at $347,184 pairs $3,636/mo rent with $1,277/mo cash flow after a $1,699/mo payment. Total monthly income equals $3,636/mo, and annual cash flow comes to $15,328/yr on $115,092 invested. Return on cash invested is 33.23% in year one, and rental yield stands at 12.57% on a $347,184 basis. Equity gained on principal adds $2,240/yr, and 5% annual appreciation accumulates to $95,921 by year five. Five-year ROI measures 175.07% and total cumulative return in cash reaches $201,486. For financing, Ziffy Mortgage’s DSCR program evaluates $3,636/mo property income against a $1,699/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06712, Prospect, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,813 (100%) |
| Owner Occupied HU | 3,462 (90.8%) |
| Renter Occupied HU | 242 ( 6.3%) |
| Vacant Housing Units | 109 ( 2.9%) |
| Median Home Value | $422,004 |
| Average Home Value | $449,272 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
314
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Listed by: Mark J. Nolan • Nolan Realty LLC
Mls Name: Smart MLS
Mls ID: #24128348