87 Canaan Road APT 2GSalisburyCT06068
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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 Salisbury at 87 Canaan Road APT 2G, Salisbury, CT, 06068 priced at $450,000 pairs $2,704/mo rent with after a $2,203/mo payment. Total monthly income equals $2,704/mo. Return on cash invested is 17.06% in year one, and rental yield stands at 7.21% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 88.36% and total cumulative return in cash reaches $131,814. For financing, Ziffy Mortgage’s DSCR program evaluates $2,704/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
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: #24121840