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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gales Ferry at 1343 Baldwin Hill Rd, Gales Ferry, CT, 06335 generates $2,511/mo in rent and, after a $1,713/mo payment, leaves $133/mo in cash flow. Total monthly income is $2,511/mo, and annual cash flow is $1,596/yr on $116,025 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 8.61% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 111% and total cumulative return in cash sums $128,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,511/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06335, Gales Ferry, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,719 (100%) |
| Owner Occupied HU | 2,191 (80.6%) |
| Renter Occupied HU | 375 (13.8%) |
| Vacant Housing Units | 153 ( 5.6%) |
| Median Home Value | $332,483 |
| Average Home Value | $361,753 |
Residential
2,646
Single Family
2,616
Multi-Family
30
Businesses
157
Date | Event | Price |
|---|---|---|
| 2023-04-28 | Sold | $300,000 |
| 2023-03-23 | Contingent | $299,900 |
| 2023-03-17 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-05 | $6080.00 | 1.88% | $172,690 | N/A |
| 2023-05-05 | $5968.00 | 2.19% | $172,690 | N/A |
| 2022-05-05 | $5840.00 | 0.65% | $172,690 | N/A |
What's Special
Storage
Listed by: Richard Santasiere • Santa Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092246
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.
