16 High Meadow DrPlainfieldCT06374
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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 Plainfield at 16 High Meadow Dr, Plainfield, CT, 06374 earns $2,619/mo cash flow from $4,316/mo rent with a $1,158/mo payment. Total monthly income totals $4,316/mo, and annual cash flow totals $31,428/yr on $78,453 capital. ROI tracks 59.97% on current figures, and rental yield reads 21.88% at a $236,660 purchase. Equity gained on principal adds $1,527/yr, and 5% annual appreciation supports $65,385 over five years. Five-year ROI reaches 319.01% and total cumulative return in cash sums $250,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,316/mo property income instead of your personal income.
Single Family
Built in 2001
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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