9 Melissa LaneProspectCT06712
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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 Prospect at 9 Melissa Lane, Prospect, CT, 06712 earns $319/mo cash flow from $4,932/mo rent with a $3,323/mo payment. Total monthly income totals $4,932/mo, and annual cash flow totals $3,827/yr on $223,391 capital. ROI tracks 21.77% on current figures, and rental yield reads 8.72% at a $679,000 purchase. Equity gained on principal adds $4,381/yr, and 5% annual appreciation supports $187,595 over five years. Five-year ROI reaches 113.6% and total cumulative return in cash sums $253,775. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,932/mo property income instead of your personal income.
Single Family
Built in 1987
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06712, Prospect, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,813 (100%) |
| Owner Occupied HU | 3,462 (90.8%) |
| Renter Occupied HU | 242 ( 6.3%) |
| Vacant Housing Units | 109 ( 2.9%) |
| Median Home Value | $422,004 |
| Average Home Value | $449,272 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
314
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Listed by: Dave Jones • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24132088
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.