88 Summit Commons #88DerbyCT06418
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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 Derby at 88 Summit Commons #88, Derby, CT, 06418 uses $99,417 cash to close to unlock $7,922/yr annual cash flow and $660/mo monthly cash flow. Total monthly income runs $2,698/mo, and a $1,468/mo payment keeps the spread at $660/mo. Purchase price stands at $299,900, and rental yield measures 10.8% with $2,698/mo rent. Return on cash invested shows 27.88% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 146.39% and total cumulative return in cash records $145,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,698/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06418, Derby, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,840 (100%) |
| Owner Occupied HU | 3,292 (56.4%) |
| Renter Occupied HU | 2,222 (38.0%) |
| Vacant Housing Units | 326 ( 5.6%) |
| Median Home Value | $294,454 |
| Average Home Value | $345,936 |
Housing Distribution
Address Breakdown
Residential
5,479
Single Family
5,220
Multi-Family
259
Businesses
410
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Listed by: TJ Carlson • GRL & Realtors, LLC
Mls Name: Smart MLS
Mls ID: #24113123