11 Woodland Avenue APT EBloomfieldCT06002
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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 Bloomfield at 11 Woodland Avenue APT E, Bloomfield, CT, 06002 offers a 8.21% rental yield on a $228,000 purchase with $1,560/mo rent. Total monthly income registers $1,560/mo, and a $1,116/mo payment leaves $11/mo available for distribution. Annual cash flow reaches $130/yr on $75,582 to close, and return on cash invested stands at 20.08% in year one. Equity gained on principal adds $1,471/yr while 5% annual appreciation supports $62,992 over five years. Portfolio math shows five-year ROI at 104.57% and total cumulative return in cash at $79,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $1,116/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,076 (100%) |
| Owner Occupied HU | 6,480 (64.3%) |
| Renter Occupied HU | 2,956 (29.3%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $332,059 |
| Average Home Value | $364,008 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
8,117
Multi-Family
1,694
Businesses
1,162
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Listed by: Jasmine C. Spencer • Spencer Solutions
Mls Name: Smart MLS
Mls ID: #24134484