163 Lake RoadWarrenCT06754
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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
Investment property for sale in Warren at 163 Lake Road, Warren, CT, 06754 earns from $3,694/mo rent with a $5,384/mo payment. Total monthly income totals $3,694/mo. ROI tracks 7.64% on current figures, and rental yield reads 4.03% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 37.77% and total cumulative return in cash sums $134,623. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,694/mo property income instead of your personal income.
Single Family
Built in 1851
41.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06754, Cornwall Bridge, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 930 (100%) |
| Owner Occupied HU | 660 (71.0%) |
| Renter Occupied HU | 79 ( 8.5%) |
| Vacant Housing Units | 191 (20.5%) |
| Median Home Value | $695,833 |
| Average Home Value | $886,678 |
Housing Distribution
Address Breakdown
Residential
720
Single Family
709
Multi-Family
11
Businesses
45
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Listed by: John Sniffen • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24100984