19 Ironworks RoadClintonCT06413
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 Ironworks Road, Clinton, CT, 06413 priced at $389,900 converts $3,158/mo rent into $509/mo cash flow after a $1,908/mo obligation. Total monthly income equals $3,158/mo, and annual cash flow totals $6,110/yr on $129,252 invested. Return on cash invested prints 24.64% in year one, and rental yield reads 9.72% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 129.01% and total cumulative return in cash sums $166,753. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,158/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.46 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: Ryan Newport • Social & Co Realty
Mls Name: Smart MLS
Mls ID: #24146751