16 Hickory LanePlainvilleCT06062
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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
Rental property for sale in Plainville at 16 Hickory Lane, Plainville, CT, 06062 priced at $305,000 pairs $2,614/mo rent with $542/mo cash flow after a $1,493/mo payment. Total monthly income equals $2,614/mo, and annual cash flow comes to $6,498/yr on $101,108 invested. Return on cash invested is 26.34% in year one, and rental yield stands at 10.28% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. Five-year ROI measures 138.11% and total cumulative return in cash reaches $139,642. For financing, Ziffy Mortgage’s DSCR program evaluates $2,614/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Myles G. Simon • MBA Realty, LLC
Mls Name: Smart MLS
Mls ID: #24145825