178 Carter RoadWarrenCT06754
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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 Warren at 178 Carter Road, Warren, CT, 06754 priced at $1,285,000 pairs $4,562/mo rent with after a $6,289/mo payment. Total monthly income equals $4,562/mo. Return on cash invested is 8.36% in year one, and rental yield stands at 4.26% on a $1,285,000 basis. Equity gained on principal adds $8,292/yr, and 5% annual appreciation accumulates to $355,022 by year five. Five-year ROI measures 41.6% and total cumulative return in cash reaches $173,206. For financing, Ziffy Mortgage’s DSCR program evaluates $4,562/mo property income against a $6,289/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
50.38 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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Nearby investment properties with comparable prices
Listed by: Stephen Pener • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24102866