161 Old New London RoadSalemCT06420
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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 Salem at 161 Old New London Road, Salem, CT, 06420 with 5% annual appreciation on a $293,000 basis while $2,689/mo rent supports operations. Total monthly income totals $2,689/mo and a $1,434/mo payment preserves $698/mo for cash returns. Annual cash flow comes to $8,380/yr on $97,130 deployed, and return on cash invested reaches 28.54% in year one. Equity gained on principal adds $1,891/yr, and five-year appreciation sums $80,951 alongside rental yield of 11.01%. Five-year ROI measures 149.93% and total cumulative return in cash totals $145,630.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,689/mo property income versus a $1,434/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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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.