85 Old Town Road #29VernonCT06066
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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 Vernon at 85 Old Town Road #29, Vernon, CT, 06066 offers a 9.43% rental yield on a $139,900 purchase with $1,099/mo rent. Total monthly income registers $1,099/mo, and a $685/mo payment leaves $148/mo available for distribution. Annual cash flow reaches $1,778/yr on $46,377 to close, and return on cash invested stands at 23.74% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 124.26% and total cumulative return in cash at $57,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,099/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: Nawaz Shaikh • eXp Realty
Mls Name: Smart MLS
Mls ID: #24124917