1538 Route 12 #B9Gales FerryCT06335
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
Investment Highlights
Investment property for sale in Gales Ferry at 1538 Route 12 #B9, Gales Ferry, CT, 06335 offers a 9.53% rental yield on a $172,000 purchase with $1,366/mo rent. Total monthly income registers $1,366/mo, and a $842/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,366/yr on $57,018 to close, and return on cash invested stands at 24.06% in year one. Equity gained on principal adds $1,110/yr while 5% annual appreciation supports $47,520 over five years. Portfolio math shows five-year ROI at 125.98% and total cumulative return in cash at $71,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,366/mo property income against a $842/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06335, Gales Ferry, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,719 (100%) |
| Owner Occupied HU | 2,191 (80.6%) |
| Renter Occupied HU | 375 (13.8%) |
| Vacant Housing Units | 153 ( 5.6%) |
| Median Home Value | $332,483 |
| Average Home Value | $361,753 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,616
Multi-Family
30
Businesses
157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Christiansen • RE/MAX Realty Group
Mls Name: Smart MLS
Mls ID: #24144744