93 Kinne RoadCanterburyCT06331
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 Canterbury at 93 Kinne Road, Canterbury, CT, 06331 priced at $229,000 pairs $1,601/mo rent with $45/mo cash flow after a $1,121/mo payment. Total monthly income equals $1,601/mo, and annual cash flow comes to $539/yr on $75,914 invested. Return on cash invested is 20.62% in year one, and rental yield stands at 8.39% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 107.43% and total cumulative return in cash reaches $81,557. For financing, Ziffy Mortgage’s DSCR program evaluates $1,601/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1982
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06331, Canterbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,066 (100%) |
| Owner Occupied HU | 1,751 (84.8%) |
| Renter Occupied HU | 222 (10.7%) |
| Vacant Housing Units | 93 ( 4.5%) |
| Median Home Value | $363,413 |
| Average Home Value | $423,514 |
Housing Distribution
Address Breakdown
Residential
1,991
Single Family
1,915
Multi-Family
76
Businesses
92
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Listed by: Irene Adams • Signature Properties of NewEng
Mls Name: Smart MLS
Mls ID: #24136177