865 Heritage Village #BSouthburyCT06488
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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 Southbury at 865 Heritage Village #B, Southbury, CT, 06488 offers $3,206/mo rent that, after a $1,810/mo payment, leaves $693/mo cash flow. Total monthly income is $3,206/mo, and annual cash flow is $8,318/yr on $122,622 cash. Return on cash invested measures 26.69% in year one, and rental yield stands at 10.4% at a $369,900 entry. Equity gained on principal adds $2,387/yr while 5% annual appreciation compounds into $102,197 by year five. Five-year ROI records 140.04% and total cumulative return in cash reaches $171,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,206/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Gregory Balek • Showcase Realty, Inc.
Mls Name: Smart MLS
Mls ID: #24138526