16 Grove StEast WindsorCT06088
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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 East Windsor at 16 Grove St, East Windsor, CT, 06088 uses $48,068 cash to close to unlock $3,318/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,807/mo, and a $710/mo payment keeps the spread at $277/mo. Purchase price stands at $145,000, and rental yield measures 14.95% with $1,807/mo rent. Return on cash invested shows 26.81% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 145.64% and total cumulative return in cash records $70,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $710/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
N/A lot
$N/A/sqft
$545 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06088, East Windsor, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,555 (100%) |
| Owner Occupied HU | 1,523 (59.6%) |
| Renter Occupied HU | 877 (34.3%) |
| Vacant Housing Units | 155 ( 6.1%) |
| Median Home Value | $275,691 |
| Average Home Value | $320,980 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,243
Multi-Family
83
Businesses
513
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Listed by: Danielle Arsenault • NextHome Elite Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083081
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.