977 Heritage Village #BSouthburyCT06488
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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 Southbury at 977 Heritage Village #B, Southbury, CT, 06488 offers a 8.95% rental yield on a $515,000 purchase with $3,840/mo rent. Total monthly income registers $3,840/mo, and a $2,521/mo payment leaves $341/mo available for distribution. Annual cash flow reaches $4,086/yr on $169,435 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 117.36% and total cumulative return in cash at $198,841. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,840/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Mary Guertin • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24099168