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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Plainfield at 1 7th Street, Plainfield, CT, 06374 offers a 8.16% rental yield on a $299,900 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,468/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $26/yr on $99,417 to close, and return on cash invested stands at 19.94% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 103.81% and total cumulative return in cash at $103,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1916
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
Date | Event | Price |
|---|---|---|
| 2022-04-01 | Sold | $212,000 |
| 2022-02-07 | Contingent | $215,000 |
| 2022-01-27 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Crawl Space,Access Via Hatch
Listed by: Karolyne E. Lucia • RE/MAX Real Estate Center
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101656
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.
