8 Rose Ln APT 24-23New FairfieldCT06812
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 8 Rose Ln APT 24-23, New Fairfield, CT, 06812 in New Fairfield achieves 1.53, rent of $1,778/mo covers the $1,165/mo payment 1.5x over at $259,000. Rental yield 8.01%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $71,557 over five years, with $2,385/yr in principal reduction bringing total projected return to $80,537.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.0% |
| Monthly Cash Flow | $(356) | $1,500 |
City averages based on New Fairfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,778 |
| Total Monthly Debt Service | $1,982 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1983
N/A lot
$N/A/sqft
$325 monthly 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
Nearby investment properties with comparable rents
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
Condo
Built in 1983
N/A lot
$N/A/sqft
$325 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Kendall • Keller Williams Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091584
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.