161 Old New London RoadSalemCT06420
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 161 Old New London Road, Salem, CT, 06420 in Salem deserves attention. This $293,000 property earns $2,689/mo in rent, a 11.01% gross yield, and nets $698/mo after the $1,318/mo payment. DSCR 2.04 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $80,951 compounds alongside $2,699/yr in yearly equity build, for a total cumulative return of $156,814.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.0% |
| Monthly Cash Flow | $698 | $250 |
City averages based on Salem market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,689 |
| Total Monthly Debt Service | $1,874 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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
Single Family
Built in 1982
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle H. Travali • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093172
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.