189 Straitsville RoadProspectCT06712
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Prospect at 189 Straitsville Road, Prospect, CT, 06712 generates $3,832/mo in rent and, after a $2,398/mo payment, leaves $503/mo in cash flow. Total monthly income is $3,832/mo, and annual cash flow is $6,036/yr on $162,435 invested. Return on cash invested sits at 23.62% in year one, and rental yield is 9.38% on a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 123.55% and total cumulative return in cash sums $200,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,832/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06712, Prospect, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,813 (100%) |
| Owner Occupied HU | 3,462 (90.8%) |
| Renter Occupied HU | 242 ( 6.3%) |
| Vacant Housing Units | 109 ( 2.9%) |
| Median Home Value | $422,004 |
| Average Home Value | $449,272 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Aurigemma • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24124000
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.