16 Grove StreetEnfieldCT06082
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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 Enfield at 16 Grove Street, Enfield, CT, 06082 uses $76,212 cash to close to unlock $2,930/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,806/mo, and a $1,125/mo payment keeps the spread at $244/mo. Purchase price stands at $229,900, and rental yield measures 9.43% with $1,806/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 124.29% and total cumulative return in cash records $94,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,806/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1915
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
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Listed by: THE STEPHANIE SALERNO TEAM • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100907
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.