16 NORTH StreetMadisonCT06443
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
Investment Highlights
Rental property for sale in Madison at 16 NORTH Street, Madison, CT, 06443 priced at $130,000 pairs $3,000/mo rent with $2,117/mo cash flow after a $636/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $25,404/yr on $43,095 invested. Return on cash invested is 78.86% in year one, and rental yield stands at 27.69% on a $130,000 basis. Equity gained on principal adds $839/yr, and 5% annual appreciation accumulates to $35,917 by year five. Five-year ROI measures 419.75% and total cumulative return in cash reaches $180,891. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
2,178 sqft 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
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Listed by: Margaret Curry • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097194
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.