85 Old Town Road #43VernonCT06066
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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 #43, Vernon, CT, 06066 uses $46,377 cash to close to unlock $1,394/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,067/mo, and a $685/mo payment keeps the spread at $116/mo. Purchase price stands at $139,900, and rental yield measures 9.15% with $1,067/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 119.83% and total cumulative return in cash records $55,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,067/mo property income covering a $685/mo payment rather than investor’s personal income.
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: Shelby J. Maybin • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24121315