190 Wickham RdEast HaddamCT06423
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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
Rental property for sale in East Haddam at 190 Wickham Rd, East Haddam, CT, 06423 generates $6,078/mo in rent and, after a $2,748/mo payment, leaves $2,263/mo in cash flow. Total monthly income is $6,078/mo, and annual cash flow is $27,160/yr on $184,701 invested. Return on cash invested sits at 34.77% in year one, and rental yield is 12.99% on a $561,400 entry. Equity gained on principal adds $3,623/yr, while 5% annual appreciation builds toward $155,104 over five years. Five-year ROI reaches 183.29% and total cumulative return in cash sums $338,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,078/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06423, East Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,780 (76.6%) |
| Renter Occupied HU | 203 ( 8.7%) |
| Vacant Housing Units | 341 (14.7%) |
| Median Home Value | $468,990 |
| Average Home Value | $574,756 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
107
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Listed by: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices New England Properties
Mls Provider:
Mls ID: #24089913