8 Teaberry CtHigganumCT06441
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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 Higganum at 8 Teaberry Ct, Higganum, CT, 06441 generates $4,626/mo in rent and, after a $2,986/mo payment, leaves $481/mo in cash flow. Total monthly income is $4,626/mo, and annual cash flow is $5,772/yr on $200,690 invested. Return on cash invested sits at 22.94% in year one, and rental yield is 9.1% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 119.83% and total cumulative return in cash sums $240,487. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,626/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06441, Higganum, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,205 (100%) |
| Owner Occupied HU | 1,928 (87.4%) |
| Renter Occupied HU | 178 ( 8.1%) |
| Vacant Housing Units | 99 ( 4.5%) |
| Median Home Value | $480,524 |
| Average Home Value | $556,845 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
132
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Listed by: Dale J. Bunn • Riverview Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081492
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.