113E Country Squire Drive #113ECromwellCT06416
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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 Cromwell at 113E Country Squire Drive #113E, Cromwell, CT, 06416 uses $71,273 cash to close to unlock $834/yr annual cash flow and $70/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $1,052/mo payment keeps the spread at $70/mo. Purchase price stands at $215,000, and rental yield measures 8.54% with $1,530/mo rent. Return on cash invested shows 21.08% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 109.95% and total cumulative return in cash records $78,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
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Listed by: Sandy Kerr • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24103364