18 Richards Grove RoadQuaker HillCT06375
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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 Quaker Hill at 18 Richards Grove Road, Quaker Hill, CT, 06375 uses $129,119 cash to close to unlock $5,771/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $3,127/mo, and a $1,906/mo payment keeps the spread at $481/mo. Purchase price stands at $389,500, and rental yield measures 9.63% with $3,127/mo rent. Return on cash invested shows 24.38% in year one, and 5% annual appreciation builds toward $107,612 over five years. Five-year ROI reaches 127.59% and total cumulative return in cash records $164,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,127/mo property income covering a $1,906/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06375, Quaker Hill, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,529 (100%) |
| Owner Occupied HU | 1,256 (82.1%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 91 ( 6.0%) |
| Median Home Value | $350,348 |
| Average Home Value | $405,239 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
55
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Listed by: BJ Lee • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24144308