1616 Middletown AvenueNorthfordCT06472
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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 Northford at 1616 Middletown Avenue, Northford, CT, 06472 listed at $440,000 pairs $3,348/mo rent with a $2,154/mo payment to leave $358/mo cash flow. Total monthly income runs $3,348/mo, and annual cash flow reaches $4,296/yr on $145,860 cash to close. Return on cash invested measures 22.85% in year one, and rental yield registers 9.13% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 119.41% and total cumulative return in cash totals $174,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,348/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06472, Northford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 2,207 (87.8%) |
| Renter Occupied HU | 229 ( 9.1%) |
| Vacant Housing Units | 79 ( 3.1%) |
| Median Home Value | $420,156 |
| Average Home Value | $460,915 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,418
Multi-Family
0
Businesses
177
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Listed by: Samantha L. Celentano • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24134712