137 Main StreetChesterCT06412
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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 Chester at 137 Main Street, Chester, CT, 06412 generates $2,854/mo in rent, after a $2,937/mo payment. Total monthly income is $2,854/mo. Return on cash invested sits at 12.63% in year one, and rental yield is 5.71% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 64.54% and total cumulative return in cash sums $127,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,854/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06412, Chester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,805 (100%) |
| Owner Occupied HU | 1,274 (70.6%) |
| Renter Occupied HU | 387 (21.4%) |
| Vacant Housing Units | 144 ( 8.0%) |
| Median Home Value | $481,842 |
| Average Home Value | $524,662 |
Housing Distribution
Address Breakdown
Residential
1,691
Single Family
1,586
Multi-Family
105
Businesses
188
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Listed by: Teri Lewis • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098811
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.