98 Grand AvenueVernonCT06066
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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
Rental property for sale in Vernon at 98 Grand Avenue, Vernon, CT, 06066 priced at $400,000 converts $1,020/mo rent into after a $1,958/mo obligation. Total monthly income equals $1,020/mo. Return on cash invested prints 4.54% in year one, and rental yield reads 3.06% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 21.22% and total cumulative return in cash sums $28,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06066, Vernon Rockville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,982 (100%) |
| Owner Occupied HU | 7,577 (50.6%) |
| Renter Occupied HU | 6,605 (44.1%) |
| Vacant Housing Units | 800 ( 5.3%) |
| Median Home Value | $262,383 |
| Average Home Value | $287,679 |
Housing Distribution
Address Breakdown
Residential
14,517
Single Family
13,602
Multi-Family
915
Businesses
966
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Listed by: Heather Yoreo • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146275