87 Canaan Road APT 3HSalisburyCT06068
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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 3H, Salisbury, CT, 06068 offers $5,400/mo rent that, after a $3,651/mo payment. Total monthly income is $5,400/mo. Return on cash invested measures 16.45% in year one, and rental yield stands at 8.69% at a $746,000 entry. Equity gained on principal adds $4,814/yr while 5% annual appreciation compounds into $206,106 by year five. Five-year ROI records 86.98% and total cumulative return in cash reaches $213,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,400/mo property income versus a $3,651/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,069 monthly 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: Tanner Sneed • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24126243
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.