180 South Washington Street #7PlainvilleCT06062
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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 Plainville at 180 South Washington Street #7, Plainville, CT, 06062 uses $138,567 cash to close to unlock $6,874/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $3,413/mo, and a $2,046/mo payment keeps the spread at $573/mo. Purchase price stands at $418,000, and rental yield measures 9.8% with $3,413/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $115,486 over five years. Five-year ROI reaches 130.22% and total cumulative return in cash records $180,447. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,413/mo property income covering a $2,046/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Robert Serafino • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls ID: #24150299