124 Plainfield DriveWatertownCT06779
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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 Watertown at 124 Plainfield Drive, Watertown, CT, 06779 with 5% annual appreciation on a $349,900 basis while $2,830/mo rent supports operations. Total monthly income totals $2,830/mo and a $1,713/mo payment preserves $452/mo for cash returns. Annual cash flow comes to $5,426/yr on $115,992 deployed, and return on cash invested reaches 24.59% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 9.71%. Five-year ROI measures 128.76% and total cumulative return in cash totals $149,346.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,830/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06779, Oakville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,674 (100%) |
| Owner Occupied HU | 2,556 (69.6%) |
| Renter Occupied HU | 951 (25.9%) |
| Vacant Housing Units | 167 ( 4.5%) |
| Median Home Value | $270,833 |
| Average Home Value | $303,960 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,358
Multi-Family
0
Businesses
193
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Listed by: Michael Vitale • Vitale Realty
Mls Name: Smart MLS
Mls ID: #24137438