87 Canaan Road APT 2FSalisburyCT06068
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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 Salisbury at 87 Canaan Road APT 2F, Salisbury, CT, 06068 earns $125/mo cash flow from $2,808/mo rent with a $1,933/mo payment. Total monthly income totals $2,808/mo, and annual cash flow totals $1,494/yr on $130,943 capital. ROI tracks 21.05% on current figures, and rental yield reads 8.53% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 109.76% and total cumulative return in cash sums $143,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,808/mo property income instead of your personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06068, Salisbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 563 (47.5%) |
| Renter Occupied HU | 209 (17.6%) |
| Vacant Housing Units | 414 (34.9%) |
| Median Home Value | $993,207 |
| Average Home Value | $1,192,420 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
83
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Listed by: Elvia Gignoux • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24094309