19 Evergreen DriveClintonCT06413
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 Clinton at 19 Evergreen Drive, Clinton, CT, 06413 priced at $515,000 converts $4,320/mo rent into $821/mo cash flow after a $2,521/mo obligation. Total monthly income equals $4,320/mo, and annual cash flow totals $9,846/yr on $169,435 invested. Return on cash invested prints 25.87% in year one, and rental yield reads 10.07% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 135.59% and total cumulative return in cash sums $229,741. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,320/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06413, Clinton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,195 (100%) |
| Owner Occupied HU | 4,509 (72.8%) |
| Renter Occupied HU | 1,064 (17.2%) |
| Vacant Housing Units | 622 (10.0%) |
| Median Home Value | $438,249 |
| Average Home Value | $494,930 |
Housing Distribution
Address Breakdown
Residential
5,886
Single Family
5,754
Multi-Family
132
Businesses
546
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Listed by: Kayla Chasse • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24146709