177 Canal StreetPlantsvilleCT06479
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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
Rental property for sale in Plantsville at 177 Canal Street, Plantsville, CT, 06479 generates $2,694/mo in rent and, after a $1,904/mo payment, leaves $51/mo in cash flow. Total monthly income is $2,694/mo, and annual cash flow is $611/yr on $128,954 invested. Return on cash invested sits at 20.38% in year one, and rental yield is 8.31% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 106.16% and total cumulative return in cash sums $136,902. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,694/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06479, Plantsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 3,283 (78.9%) |
| Renter Occupied HU | 748 (18.0%) |
| Vacant Housing Units | 132 ( 3.2%) |
| Median Home Value | $416,419 |
| Average Home Value | $445,100 |
Housing Distribution
Address Breakdown
Residential
4,078
Single Family
4,063
Multi-Family
15
Businesses
338
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Listed by: Maryann Stanley • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24136061