8 Straits Turnpike LnMorrisCT06763
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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 Morris at 8 Straits Turnpike Ln, Morris, CT, 06763 listed at $399,900 pairs $2,906/mo rent with a $1,957/mo payment to leave $189/mo cash flow. Total monthly income runs $2,906/mo, and annual cash flow reaches $2,270/yr on $132,567 cash to close. Return on cash invested measures 21.62% in year one, and rental yield registers 8.72% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 112.85% and total cumulative return in cash totals $149,600. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,906/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
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Listed by: Tricia Sherwin • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090148
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.