16 Oakdale StreetWethersfieldCT06109
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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 Wethersfield at 16 Oakdale Street, Wethersfield, CT, 06109 priced at $303,000 converts $3,146/mo rent into $1,040/mo cash flow after a $1,483/mo obligation. Total monthly income equals $3,146/mo, and annual cash flow totals $12,475/yr on $100,445 invested. Return on cash invested prints 32.33% in year one, and rental yield reads 12.46% against a $303,000 entry. Equity gained on principal adds $1,955/yr, while 5% annual appreciation compiles into $83,713 by year five. Five-year ROI reaches 170.45% and total cumulative return in cash sums $171,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,146/mo property income covering a $1,483/mo payment, not borrower’s personal income.
Single Family
Built in 1936
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Florian C. Orleanu • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24112348
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.