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$392,500

For Sale - Active
8 Kathy Dr, Seymour, CT 06483
3 Beds
1 Bath
1,048 Square Feet
0.00 Acres Lot
Built in 1957
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jun 12, 2025 at 07:41AM

Investment Summary


Monthly Cash Flow
-$471
Cap Rate
4.2%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.1%

Property Description


0.00 Acres Lot
Built in 1957
For Sale - Active
Units n/a

Pride of Ownership shows in this wonderfully maintained 3 Bedroom Ranch located in the Great Hill Area in a charming neighborhood. Large inviting Living Room with sun filled picture window, wall to wall carpet, ceiling fan and exquisite woodwork. Open, bright Eat-in Kitchen with original knotty pine cabinetry. 3 spacious bedrooms. Primary bedroom has double closets, hardwood floors & ceiling fan. Hardwood floors and original woodwork throughout the home. The full unfinished basement with washer & dryer hookups provides plenty of space for extra storage with endless possibilities. Kitchen has door leading to 16 x 12 deck to enjoy morning coffee or afternoon beverage, deck also leads down to a beautiful private level landscaped backyard, perfect for outdoor entertaining with family and friends. Convenient to schools, parks, shopping, & dining, this property is ideal for those seeking comfort & sereness with easy access to Rt. 8 & 34 for commuting. Bring your own personal touch! Can close quickly and being Sold as is!

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Location


Property Details


Parking

  • Details: Asphalt, Paved, Off Street, Private, None, Driveway
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Unfinished, Concrete

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: SEYMM:1412L:43
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1957

Tax Information

  • Annual Tax: $4,892

Utilities

  • Water & Sewer: Public
  • Heating: Oil, Forced Air
  • Cooling: None

Location

  • County: New Haven

Listing Details


Listed by:
Lisa Crosby
Houlihan Lawrence WD
(203) 906-8861

Source:
SmartMLS
MLS#: 24099984
SmartMLS

Investment Summary


Monthly Cash Flow
-$471
Cap Rate
4.2%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.1%

Purchase Details

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Purchase price:
$392,500
Amount financed:
-$314,000
Down payment:
$78,500
Closing costs:
$11,775
Rehab costs:
$0
Initial cash invested:
$90,275
Square feet:
1,048
Cost per square foot:
$375
Monthly rent per square foot:
$2.48

Financing Details

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Loan amount:
$314,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,857
Property tax:
$408
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,447

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$408-$4,892
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,058-$12,692

Cash Flow


Monthly Yearly
Net operating income:
$1,386 $16,632
Mortgage payments:
-$1,857 -$22,284
Cash flow:
$471 $5,652