1 Wilshire Road #1DMadisonCT06443
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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
Rental property for sale in Madison at 1 Wilshire Road #1D, Madison, CT, 06443 priced at $490,000 converts $3,970/mo rent into $641/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,970/mo, and annual cash flow totals $7,692/yr on $162,435 invested. Return on cash invested prints 24.64% in year one, and rental yield reads 9.72% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 129.02% and total cumulative return in cash sums $209,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,970/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
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Listed by: Cory J. Tyler • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24148188