876 Howe AvenueSheltonCT06484
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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 Shelton at 876 Howe Avenue, Shelton, CT, 06484 at $546,000 posts ROI 20.67% with $92/mo cash flow from $3,801/mo rent. Total monthly income equals $3,801/mo, and annual cash flow records $1,099/yr on $179,634 to close. Return on cash invested measures 20.67% and rental yield reads 8.35% at the current $546,000. Equity gained on principal adds $3,523/yr, and 5% annual appreciation supports $150,850 by year five. Five-year ROI prints 107.71% and total cumulative return in cash totals $193,478.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,801/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06484, Shelton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,616 (100%) |
| Owner Occupied HU | 13,174 (74.8%) |
| Renter Occupied HU | 3,656 (20.8%) |
| Vacant Housing Units | 786 ( 4.5%) |
| Median Home Value | $488,769 |
| Average Home Value | $561,663 |
Housing Distribution
Address Breakdown
Residential
17,510
Single Family
16,712
Multi-Family
798
Businesses
1,487
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Listed by: Marissa Papa • Preston Gray Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093740
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.