18 Bacon AvenueMiddletownCT06457
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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 Middletown at 18 Bacon Avenue, Middletown, CT, 06457 listed at $186,609 pairs $1,448/mo rent with a $913/mo payment to leave $180/mo cash flow. Total monthly income runs $1,448/mo, and annual cash flow reaches $2,165/yr on $61,861 cash to close. Return on cash invested measures 23.41% in year one, and rental yield registers 9.31% at a $186,609 basis. Equity gained on principal adds $1,204/yr, and annual property appreciation at 5% supports $51,557 by year five. Five-year ROI tracks 122.45% and total cumulative return in cash totals $75,748. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,448/mo property income relative to a $913/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Keith A. Murphy • Innovative Properties
Mls Name: Smart MLS
Mls ID: #24130712