1 Riverwalk Drive #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 Drive #1, Weatogue, CT, 06089 with 5% annual appreciation on a $379,900 basis while $3,553/mo rent supports operations. Total monthly income totals $3,553/mo and a $1,859/mo payment preserves $972/mo for cash returns. Annual cash flow comes to $11,666/yr on $125,937 deployed, and return on cash invested reaches 29.17% in year one. Equity gained on principal adds $2,451/yr, and five-year appreciation sums $104,959 alongside rental yield of 11.22%. Five-year ROI measures 153.33% and total cumulative return in cash totals $193,097.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,553/mo property income versus a $1,859/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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 A. Ross • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24130021