94 South StreetMorrisCT06763
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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
Investment property for sale in Morris at 94 South Street, Morris, CT, 06763 at $596,000 posts ROI 16.83% with from $3,521/mo rent. Total monthly income equals $3,521/mo. Return on cash invested measures 16.83% and rental yield reads 7.09% at the current $596,000. Equity gained on principal adds $3,846/yr, and 5% annual appreciation supports $164,664 by year five. Five-year ROI prints 87.08% and total cumulative return in cash totals $170,752. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,521/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
3.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06763, Morris, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 662 (59.6%) |
| Renter Occupied HU | 149 (13.4%) |
| Vacant Housing Units | 300 (27.0%) |
| Median Home Value | $434,821 |
| Average Home Value | $552,644 |
Housing Distribution
Address Breakdown
Residential
832
Single Family
813
Multi-Family
19
Businesses
89
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Nearby investment properties with comparable prices
Listed by: Ari Lee • Sunbelt Sales & Development
Mls Name: Smart MLS
Mls ID: #24126129