159 School StreetBloomfieldCT06002
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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
Rental property for sale in Bloomfield at 159 School Street, Bloomfield, CT, 06002 priced at $249,900 pairs $1,710/mo rent with $12/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,710/mo, and annual cash flow comes to $146/yr on $82,842 invested. Return on cash invested is 20.09% in year one, and rental yield stands at 8.21% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 104.63% and total cumulative return in cash reaches $86,678. For financing, Ziffy Mortgage’s DSCR program evaluates $1,710/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1800
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,076 (100%) |
| Owner Occupied HU | 6,480 (64.3%) |
| Renter Occupied HU | 2,956 (29.3%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $332,059 |
| Average Home Value | $364,008 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
8,117
Multi-Family
1,694
Businesses
1,162
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Listed by: Eli Joseph • eXp Realty
Mls Name: Smart MLS
Mls ID: #24131356