95 Heather DriveNew CanaanCT06840
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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 New Canaan at 95 Heather Drive, New Canaan, CT, 06840 earns from $5,732/mo rent with a $9,275/mo payment. Total monthly income totals $5,732/mo. ROI tracks 6.41% on current figures, and rental yield reads 3.63% at a $1,895,000 purchase. Equity gained on principal adds $12,228/yr, and 5% annual appreciation supports $523,554 over five years. Five-year ROI reaches 31.16% and total cumulative return in cash sums $191,309. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,732/mo property income instead of your personal income.
Single Family
Built in 1981
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06840, New Canaan, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,520 (100%) |
| Owner Occupied HU | 5,560 (73.9%) |
| Renter Occupied HU | 1,434 (19.1%) |
| Vacant Housing Units | 526 ( 7.0%) |
| Median Home Value | $1,591,336 |
| Average Home Value | $1,568,055 |
Housing Distribution
Address Breakdown
Residential
7,433
Single Family
7,146
Multi-Family
287
Businesses
885
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Listed by: Marsha Charles • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24108507