1 Riverwalk Dr #1WeatogueCT06089
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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 Weatogue at 1 Riverwalk Dr #1, Weatogue, CT, 06089 uses $125,937 cash to close to unlock $1,394/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $2,697/mo, and a $1,859/mo payment keeps the spread at $116/mo. Purchase price stands at $379,900, and rental yield measures 8.52% with $2,697/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 109.59% and total cumulative return in cash records $138,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,697/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06089, Weatogue, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,060 (51.0%) |
| Renter Occupied HU | 943 (45.4%) |
| Vacant Housing Units | 74 ( 3.6%) |
| Median Home Value | $454,777 |
| Average Home Value | $486,580 |
Housing Distribution
Address Breakdown
Residential
2,011
Single Family
1,746
Multi-Family
265
Businesses
122
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Listed by: Margo Ross • William Raveis Real Estate
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls ID: #24130021