91 Harvester RoadMonroeCT06468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Monroe at 91 Harvester Road, Monroe, CT, 06468 offers $4,800/mo rent that, after a $3,328/mo payment, leaves $180/mo cash flow. Total monthly income is $4,800/mo, and annual cash flow is $2,162/yr on $223,687 cash. Return on cash invested measures 21.03% in year one, and rental yield stands at 8.47% at a $679,900 entry. Equity gained on principal adds $4,387/yr while 5% annual appreciation compounds into $187,844 by year five. Five-year ROI records 109.62% and total cumulative return in cash reaches $245,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,800/mo property income versus a $3,328/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Terri Tournas • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24137605