8 Kimberwick Court #8MiddleburyCT06762
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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
Rental property for sale in Middlebury at 8 Kimberwick Court #8, Middlebury, CT, 06762 priced at $565,500 converts $2,640/mo rent into after a $2,768/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 10.51% in year one, and rental yield reads 5.6% against a $565,500 entry. Equity gained on principal adds $3,649/yr, while 5% annual appreciation compiles into $156,237 by year five. Five-year ROI reaches 53.87% and total cumulative return in cash sums $100,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,768/mo payment, not borrower’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$278 monthly 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: Kate K. Willoughby • Gina Jacobs Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113730
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.