1019 Old Turnpike RdPlantsvilleCT06479
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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 Plantsville at 1019 Old Turnpike Rd, Plantsville, CT, 06479 generates $2,999/mo in rent and, after a $1,859/mo payment, leaves $418/mo in cash flow. Total monthly income is $2,999/mo, and annual cash flow is $5,018/yr on $125,937 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 9.47% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 125.03% and total cumulative return in cash sums $157,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,999/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06479, Plantsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 3,283 (78.9%) |
| Renter Occupied HU | 748 (18.0%) |
| Vacant Housing Units | 132 ( 3.2%) |
| Median Home Value | $416,419 |
| Average Home Value | $445,100 |
Housing Distribution
Address Breakdown
Residential
4,078
Single Family
4,063
Multi-Family
15
Businesses
338
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Listed by: Steven W. Rivkin • Planet Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24037878
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.