1320 Berlin Turnpike #617WethersfieldCT06109
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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 Wethersfield at 1320 Berlin Turnpike #617, Wethersfield, CT, 06109 uses $45,747 cash to close to unlock $10,330/yr annual cash flow and $861/mo monthly cash flow. Total monthly income runs $2,080/mo, and a $675/mo payment keeps the spread at $861/mo. Purchase price stands at $138,000, and rental yield measures 18.09% with $2,080/mo rent. Return on cash invested shows 42.49% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 227.41% and total cumulative return in cash records $104,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,080/mo property income covering a $675/mo payment rather than investor’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$282 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Curtiss Clemens Jr. • Century 21 Clemens Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114944
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.