14 Fernwood StreetWethersfieldCT06109
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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 Wethersfield at 14 Fernwood Street, Wethersfield, CT, 06109 priced at $390,000 converts $3,280/mo rent into $630/mo cash flow after a $1,909/mo obligation. Total monthly income equals $3,280/mo, and annual cash flow totals $7,560/yr on $129,285 invested. Return on cash invested prints 25.76% in year one, and rental yield reads 10.09% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 134.99% and total cumulative return in cash sums $174,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,280/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 1922
8,276 sqft lot
$N/A/sqft
No 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: Zack Decaro • Property Works New England
Mls Name: Smart MLS
Mls ID: #24133581