15 Maiden LanePlainvilleCT06062
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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
Investment property for sale in Plainville at 15 Maiden Lane, Plainville, CT, 06062 uses $164,093 cash to close to unlock $6,594/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $3,913/mo, and a $2,423/mo payment keeps the spread at $550/mo. Purchase price stands at $495,000, and rental yield measures 9.49% with $3,913/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 125.19% and total cumulative return in cash records $205,426. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,913/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Doreen Corriveau • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24137384
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.