16 Glenwood DriveWethersfieldCT06109
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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 Wethersfield at 16 Glenwood Drive, Wethersfield, CT, 06109 with 5% annual appreciation on a $534,900 basis while $3,420/mo rent supports operations. 6% in year one. Equity gained on principal adds $3,452/yr, and five-year appreciation sums $147,783 alongside rental yield of 7.67%. Five-year ROI measures 96.59% and total cumulative return in cash totals $169,989. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,420/mo property income versus a $2,618/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Maria L. Latina • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24135695