87 Range Hill DriveVernonCT06066
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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 Vernon at 87 Range Hill Drive, Vernon, CT, 06066 priced at $276,000 pairs $2,774/mo rent with $899/mo cash flow after a $1,351/mo payment. Total monthly income equals $2,774/mo, and annual cash flow comes to $10,783/yr on $91,494 invested. Return on cash invested is 31.69% in year one, and rental yield stands at 12.06% on a $276,000 basis. Equity gained on principal adds $1,781/yr, and 5% annual appreciation accumulates to $76,254 by year five. Five-year ROI measures 166.86% and total cumulative return in cash reaches $152,665. For financing, Ziffy Mortgage’s DSCR program evaluates $2,774/mo property income against a $1,351/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: Jolanta Rojek • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103586
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.