891 Heritage Village #ASouthburyCT06488
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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 Southbury at 891 Heritage Village #A, Southbury, CT, 06488 priced at $310,000 pairs $2,340/mo rent with $234/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,340/mo, and annual cash flow comes to $2,808/yr on $102,765 invested. Return on cash invested is 22.64% in year one, and rental yield stands at 9.06% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 118.27% and total cumulative return in cash reaches $121,543. For financing, Ziffy Mortgage’s DSCR program evaluates $2,340/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: JaKeith Action Jackson • ASJ Realty Partners
Mls Name: Smart MLS
Mls ID: #24148954