106A Pinney StreetColebrookCT06021
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colebrook at 106A Pinney Street, Colebrook, CT, 06021 priced at $549,000 converts $4,292/mo rent into $562/mo cash flow after a $2,687/mo obligation. Total monthly income equals $4,292/mo, and annual cash flow totals $6,743/yr on $180,621 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.38% against a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation compiles into $151,679 by year five. Five-year ROI reaches 124.44% and total cumulative return in cash sums $224,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,292/mo property income covering a $2,687/mo payment, not borrower’s personal income.
Single Family
Built in 1997
26.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06021, Colebrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 611 (100%) |
| Owner Occupied HU | 442 (72.3%) |
| Renter Occupied HU | 65 (10.6%) |
| Vacant Housing Units | 104 (17.0%) |
| Median Home Value | $385,345 |
| Average Home Value | $502,545 |
Housing Distribution
Address Breakdown
Residential
507
Single Family
507
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Sullivan • Sullivan Real Estate Inc
Mls Name: Smart MLS
Mls ID: #24134478