153 Mechanic StreetPawcatuckCT06379
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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 Pawcatuck at 153 Mechanic Street, Pawcatuck, CT, 06379 offers $2,329/mo rent that, after a $1,395/mo payment, leaves $393/mo cash flow. Total monthly income is $2,329/mo, and annual cash flow is $4,710/yr on $94,478 cash. Return on cash invested measures 24.89% in year one, and rental yield stands at 9.81% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 130.4% and total cumulative return in cash reaches $123,198. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,329/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06379, Pawcatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,337 (100%) |
| Owner Occupied HU | 2,689 (62.0%) |
| Renter Occupied HU | 1,305 (30.1%) |
| Vacant Housing Units | 343 ( 7.9%) |
| Median Home Value | $423,122 |
| Average Home Value | $493,105 |
Housing Distribution
Address Breakdown
Residential
4,074
Single Family
3,861
Multi-Family
213
Businesses
262
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Listed by: Lisa M. Raiche • Town & Shore Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24094008
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.