16 Charles StreetPlantsvilleCT06479
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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 Plantsville at 16 Charles Street, Plantsville, CT, 06479 with 5% annual appreciation on a $299,999 basis while $2,604/mo rent supports operations. Total monthly income totals $2,604/mo and a $1,468/mo payment preserves $566/mo for cash returns. Annual cash flow comes to $6,792/yr on $99,450 deployed, and return on cash invested reaches 26.74% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 10.42%. Five-year ROI measures 140.24% and total cumulative return in cash totals $139,464.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,604/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06479, Plantsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 3,283 (78.9%) |
| Renter Occupied HU | 748 (18.0%) |
| Vacant Housing Units | 132 ( 3.2%) |
| Median Home Value | $416,419 |
| Average Home Value | $445,100 |
Housing Distribution
Address Breakdown
Residential
4,078
Single Family
4,063
Multi-Family
15
Businesses
338
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Listed by: Stacy Olson • Lamacchia Realty
Mls Name: Smart MLS
Mls ID: #24109964