141 Newberry RdEast HaddamCT06423
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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 East Haddam at 141 Newberry Rd, East Haddam, CT, 06423 priced at $309,900 converts $2,146/mo rent into $27/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,146/mo, and annual cash flow totals $324/yr on $102,732 invested. Return on cash invested prints 20.22% in year one, and rental yield reads 8.31% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 105.43% and total cumulative return in cash sums $108,312. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,146/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1980
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06423, East Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,780 (76.6%) |
| Renter Occupied HU | 203 ( 8.7%) |
| Vacant Housing Units | 341 (14.7%) |
| Median Home Value | $468,990 |
| Average Home Value | $574,756 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
107
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Listed by: Leonard Orlacchio • Hagel & Assoc. Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086574
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.