87 Canaan Road APT 6ASalisburyCT06068
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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 6A, Salisbury, CT, 06068 offers a 7.41% rental yield on a $875,000 purchase with $5,400/mo rent. 79% in year one. Equity gained on principal adds $5,646/yr while 5% annual appreciation supports $241,746 over five years. Portfolio math shows five-year ROI at 92.23% and total cumulative return in cash at $265,511. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,400/mo property income against a $4,283/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
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: Laurie Dunham • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24128429