16 Harkness DrMadisonCT06443
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 16 Harkness Dr, Madison, CT, 06443 in Madison offers a clean, manageable entry. Rental yield 7.44%. DSCR 1.38 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $149,745 in additional property value over five years, with $4,992/yr in principal equity building ownership stake. Total projected cumulative return: $186,235.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.0% |
| Monthly Cash Flow | $(323) | $1,200 |
City averages based on Madison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,360 |
| Total Monthly Debt Service | $3,467 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
Nearby investment properties with comparable rents
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
Single Family
Built in 2003
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Clinton • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24023399
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.