16 Laurel DriveOakdaleCT06370
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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 Oakdale at 16 Laurel Drive, Oakdale, CT, 06370 earns $49/mo cash flow from $2,325/mo rent with a $1,640/mo payment. Total monthly income totals $2,325/mo, and annual cash flow totals $582/yr on $111,053 capital. ROI tracks 20.43% on current figures, and rental yield reads 8.33% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 106.47% and total cumulative return in cash sums $118,232. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,325/mo property income instead of your personal income.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06370, Oakdale, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 2,278 (80.0%) |
| Renter Occupied HU | 404 (14.2%) |
| Vacant Housing Units | 164 ( 5.8%) |
| Median Home Value | $338,778 |
| Average Home Value | $348,222 |
Housing Distribution
Address Breakdown
Residential
2,829
Single Family
2,789
Multi-Family
40
Businesses
103
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Listed by: Bowes Team at Re/Max on the Bay • RE/MAX on the Bay
Mls Name: Smart MLS
Mls ID: #24109090