2 Countryside Ln #5MiddletownCT06457
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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 Middletown at 2 Countryside Ln #5, Middletown, CT, 06457 generates $1,924/mo in rent, after a $1,216/mo payment. Total monthly income is $1,924/mo. Return on cash invested sits at 18.46% in year one, and rental yield is 9.29% on a $248,500 entry. Equity gained on principal adds $1,604/yr, while 5% annual appreciation builds toward $68,656 over five years. Five-year ROI reaches 97.65% and total cumulative return in cash sums $80,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,924/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$335 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Joan Strickland • Joan Strickland Real Estate of
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095338
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.