17 Rainbow DriveTrumbullCT06611
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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 Trumbull at 17 Rainbow Drive, Trumbull, CT, 06611 uses $160,744 cash to close to unlock $1,076/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $3,384/mo, and a $2,373/mo payment keeps the spread at $90/mo. Purchase price stands at $484,900, and rental yield measures 8.37% with $3,384/mo rent. Return on cash invested shows 20.58% in year one, and 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 107.22% and total cumulative return in cash records $172,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,384/mo property income covering a $2,373/mo payment rather than investor’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06611, Trumbull, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,970 (100%) |
| Owner Occupied HU | 11,418 (81.7%) |
| Renter Occupied HU | 1,959 (14.0%) |
| Vacant Housing Units | 593 ( 4.2%) |
| Median Home Value | $538,369 |
| Average Home Value | $606,678 |
Housing Distribution
Address Breakdown
Residential
13,448
Single Family
13,006
Multi-Family
442
Businesses
1,076
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Listed by: Christine Penney • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24132687