98 Brooklyn Heights #3MorrisvilleVT05661
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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 Morrisville at 98 Brooklyn Heights #3, Morrisville, VT, 05661 uses $101,108 cash to close to unlock $6,248/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,550/mo, and a $1,493/mo payment keeps the spread at $521/mo. Purchase price stands at $305,000, and rental yield measures 10.03% with $2,550/mo rent. Return on cash invested shows 26.09% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 136.59% and total cumulative return in cash records $138,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,550/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 05661, Morrisville, VT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,428 (100%) |
| Owner Occupied HU | 1,977 (57.7%) |
| Renter Occupied HU | 939 (27.4%) |
| Vacant Housing Units | 512 (14.9%) |
| Median Home Value | $357,753 |
| Average Home Value | $414,645 |
Housing Distribution
Address Breakdown
Residential
2,585
Single Family
2,497
Multi-Family
88
Businesses
311
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Listed by: Nancy Pritchard • Pall Spera Company Realtors-Morrisville
Mls Name: PrimeMLS
Mls ID: #5060553