2 Maginnis ParkwayWaterfordCT06385
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 Waterford at 2 Maginnis Parkway, Waterford, CT, 06385 offers $3,205/mo rent that, after a $2,055/mo payment, leaves $352/mo cash flow. Total monthly income is $3,205/mo, and annual cash flow is $4,226/yr on $139,197 cash. Return on cash invested measures 22.95% in year one, and rental yield stands at 9.16% at a $419,900 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,011 by year five. Five-year ROI records 119.93% and total cumulative return in cash reaches $166,944. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,205/mo property income versus a $2,055/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.56 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bill Heenan • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24120064
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.