9 Heather Ridge #9SheltonCT06484
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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 Shelton at 9 Heather Ridge #9, Shelton, CT, 06484 priced at $295,000 pairs $2,395/mo rent with $99/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,395/mo, and annual cash flow comes to $1,182/yr on $97,793 invested. Return on cash invested is 21.12% in year one, and rental yield stands at 9.74% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 111.43% and total cumulative return in cash reaches $108,974. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$292 monthly 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: Meghan Pane • Preston Gray Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093847
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.