99 Davis Avenue ExtensionVernonCT06066
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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 Vernon at 99 Davis Avenue Extension, Vernon, CT, 06066 with 5% annual appreciation on a $272,000 basis while $2,705/mo rent supports operations. Total monthly income totals $2,705/mo and a $1,331/mo payment preserves $857/mo for cash returns. Annual cash flow comes to $10,286/yr on $90,168 deployed, and return on cash invested reaches 31.32% in year one. Equity gained on principal adds $1,755/yr, and five-year appreciation sums $75,149 alongside rental yield of 11.93%. Five-year ROI measures 164.86% and total cumulative return in cash totals $148,649.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,705/mo property income versus a $1,331/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
0.34 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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Nearby investment properties with comparable prices
Listed by: Mike Ferris • Century 21 Classic Homes
Mls Name: Smart MLS
Mls ID: #24149675