113 Horse Pond Road APT BSalemCT06420
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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 Salem at 113 Horse Pond Road APT B, Salem, CT, 06420 priced at $139,000 pairs $1,089/mo rent with $145/mo cash flow after a $680/mo payment. Total monthly income equals $1,089/mo, and annual cash flow comes to $1,739/yr on $46,079 invested. Return on cash invested is 23.68% in year one, and rental yield stands at 9.4% on a $139,000 basis. Equity gained on principal adds $897/yr, and 5% annual appreciation accumulates to $38,403 by year five. Five-year ROI measures 123.88% and total cumulative return in cash reaches $57,080. For financing, Ziffy Mortgage’s DSCR program evaluates $1,089/mo property income against a $680/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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Listed by: Aidan C. Brennan • Sound Real Estate Services, LLC
Mls Name: Smart MLS
Mls ID: #24132372