98 Trumbull HighwayLebanonCT06249
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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 Lebanon at 98 Trumbull Highway, Lebanon, CT, 06249 generates $4,007/mo in rent and, after a $2,114/mo payment, leaves $1,072/mo in cash flow. Total monthly income is $4,007/mo, and annual cash flow is $12,866/yr on $143,208 invested. Return on cash invested sits at 28.89% in year one, and rental yield is 11.13% on a $432,000 entry. Equity gained on principal adds $2,788/yr, while 5% annual appreciation builds toward $119,354 over five years. Five-year ROI reaches 151.83% and total cumulative return in cash sums $217,435. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,007/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
9.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06249, Lebanon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 2,459 (78.0%) |
| Renter Occupied HU | 315 ( 10.0%) |
| Vacant Housing Units | 380 (12.0%) |
| Median Home Value | $388,239 |
| Average Home Value | $455,650 |
Housing Distribution
Address Breakdown
Residential
2,892
Single Family
2,868
Multi-Family
24
Businesses
74
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Listed by: Jeanne L. Crum • Home Selling Team
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114640
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.