163 Miller RdPrestonCT06365
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
Investment Highlights
Rental property for sale in Preston at 163 Miller Rd, Preston, CT, 06365 offers $938/mo rent that, after a $612/mo payment. Total monthly income is $938/mo. Return on cash invested measures 19.85% in year one, and rental yield stands at 9% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 104.27% and total cumulative return in cash reaches $43,205. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $938/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06365, Preston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,113 (100%) |
| Owner Occupied HU | 1,708 (80.8%) |
| Renter Occupied HU | 278 (13.2%) |
| Vacant Housing Units | 127 ( 6.0%) |
| Median Home Value | $380,395 |
| Average Home Value | $483,567 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,991
Multi-Family
40
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betty Ann Dessert • Garden Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090190
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.