14 Main StreetEast HamptonCT06424
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Nearby investment properties with comparable prices
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 East Hampton at 14 Main Street, East Hampton, CT, 06424 priced at $315,000 converts $2,237/mo rent into $97/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,237/mo, and annual cash flow totals $1,158/yr on $104,423 invested. Return on cash invested prints 21.02% in year one, and rental yield reads 8.52% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 109.59% and total cumulative return in cash sums $114,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,237/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1790
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06424, East Hampton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,591 (100%) |
| Owner Occupied HU | 4,342 (77.7%) |
| Renter Occupied HU | 834 (14.9%) |
| Vacant Housing Units | 415 ( 7.4%) |
| Median Home Value | $391,637 |
| Average Home Value | $449,440 |
Housing Distribution
Address Breakdown
Residential
5,345
Single Family
5,213
Multi-Family
132
Businesses
275
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Listed by: Carl J. Guild • Carl Guild & Associates
Mls Name: Smart MLS
Mls ID: #24113028