Lot 24 Legacy LaneMonroeCT06468
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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 Monroe at Lot 24 Legacy Lane, Monroe, CT, 06468 with 5% annual appreciation on a $737,795 basis while $3,000/mo rent supports operations. 11% in year one. Equity gained on principal adds $4,761/yr, and five-year appreciation sums $203,839 alongside rental yield of 4.88%. Five-year ROI measures 51.07% and total cumulative return in cash totals $123,974. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $3,611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06468, Monroe, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 6,235 (90.3%) |
| Renter Occupied HU | 498 ( 7.2%) |
| Vacant Housing Units | 173 ( 2.5%) |
| Median Home Value | $522,292 |
| Average Home Value | $573,501 |
Housing Distribution
Address Breakdown
Residential
6,919
Single Family
6,889
Multi-Family
30
Businesses
808
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Listed by: Marissa Grasso • Carey & Guarrera Real Estate
Mls Name: Smart MLS
Mls ID: #24122546