123 Knowles AveMiddletownCT06457
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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 Middletown at 123 Knowles Ave, Middletown, CT, 06457 priced at $114,170 pairs $2,395/mo rent with $1,163/mo cash flow after a $559/mo payment. Total monthly income equals $2,395/mo, and annual cash flow comes to $13,960/yr on $37,847 invested. Return on cash invested is 56.79% in year one, and rental yield stands at 25.17% on a $114,170 basis. Equity gained on principal adds $737/yr, and 5% annual appreciation accumulates to $31,543 by year five. Five-year ROI measures 306.76% and total cumulative return in cash reaches $116,101. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $559/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: N/A • N/A
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