197 Preston RoadTerryvilleCT06786
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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
Investment property for sale in Terryville at 197 Preston Road, Terryville, CT, 06786 offers a 2.77% rental yield on a $675,000 purchase with $1,560/mo rent. 71% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 16.73% and total cumulative return in cash at $37,155. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
2.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06786, Terryville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,027 (100%) |
| Owner Occupied HU | 2,995 (74.4%) |
| Renter Occupied HU | 835 (20.7%) |
| Vacant Housing Units | 197 ( 4.9%) |
| Median Home Value | $271,494 |
| Average Home Value | $339,233 |
Housing Distribution
Address Breakdown
Residential
4,009
Single Family
3,939
Multi-Family
70
Businesses
263
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Listed by: Lorrie Maiorano • Calcagni Real Estate
Mls Name: Smart MLS
Mls ID: #24151369