114 Pinney StreetColebrookCT06021
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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 Colebrook at 114 Pinney Street, Colebrook, CT, 06021 offers a 7.03% rental yield on a $695,000 purchase with $4,070/mo rent. 64% in year one. Equity gained on principal adds $4,485/yr while 5% annual appreciation supports $192,016 over five years. Portfolio math shows five-year ROI at 86.06% and total cumulative return in cash at $196,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,070/mo property income against a $3,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10.08 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
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Listed by: Michelle Grant • Coldwell Banker Premier Real Estate
Mls Name: Smart MLS
Mls ID: #24123678