18 Little Point StreetEssexCT06426
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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 Essex at 18 Little Point Street, Essex, CT, 06426 generates $3,922/mo in rent, after a $6,118/mo payment. Total monthly income is $3,922/mo. Return on cash invested sits at 6.83% in year one, and rental yield is 3.77% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 33.39% and total cumulative return in cash sums $135,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,922/mo property income rather than buyer’s personal income.
Single Family
Built in 1813
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
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Listed by: Louisa Ketron • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24131444