148 Grassy Plain Street #BBethelCT06801
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 148 Grassy Plain Street #B, Bethel, CT, 06801 in Bethel achieves 1.54, rent of $2,308/mo covers the $1,499/mo payment 1.5x over at $333,333. Rental yield 8.31%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $92,094 over five years, with $3,070/yr in principal reduction bringing total projected return to $109,050.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 7.0% |
| Monthly Cash Flow | $(307) | $1,500 |
City averages based on Bethel market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,308 |
| Total Monthly Debt Service | $2,482 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06801, Bethel, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,178 (100%) |
| Owner Occupied HU | 5,881 (71.9%) |
| Renter Occupied HU | 1,947 (23.8%) |
| Vacant Housing Units | 350 ( 4.3%) |
| Median Home Value | $477,349 |
| Average Home Value | $525,818 |
Housing Distribution
Address Breakdown
Residential
7,946
Single Family
7,193
Multi-Family
753
Businesses
792
Nearby investment properties with comparable rents
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06801, Bethel, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,178 (100%) |
| Owner Occupied HU | 5,881 (71.9%) |
| Renter Occupied HU | 1,947 (23.8%) |
| Vacant Housing Units | 350 ( 4.3%) |
| Median Home Value | $477,349 |
| Average Home Value | $525,818 |
Housing Distribution
Address Breakdown
Residential
7,946
Single Family
7,193
Multi-Family
753
Businesses
792
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LAKI Papadakos • Papadakos Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24123318
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.