16 Jordan LaneColchesterCT06415
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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
Investment Highlights
Rental property for sale in Colchester at 16 Jordan Lane, Colchester, CT, 06415 priced at $599,500 pairs $4,360/mo rent with $287/mo cash flow after a $2,934/mo payment. Total monthly income equals $4,360/mo, and annual cash flow comes to $3,443/yr on $197,236 invested. Return on cash invested is 21.81% in year one, and rental yield stands at 8.73% on a $599,500 basis. Equity gained on principal adds $3,868/yr, and 5% annual appreciation accumulates to $165,631 by year five. Five-year ROI measures 113.78% and total cumulative return in cash reaches $224,411. For financing, Ziffy Mortgage’s DSCR program evaluates $4,360/mo property income against a $2,934/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Jason Saphire • www.HomeZu.com
Mls Name: Smart MLS
Mls ID: #24152071