2 Terrace DrivePlainfieldCT06374
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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
Investment property for sale in Plainfield at 2 Terrace Drive, Plainfield, CT, 06374 offers a 9.4% rental yield on a $129,999 purchase with $1,018/mo rent. Total monthly income registers $1,018/mo, and a $636/mo payment leaves $135/mo available for distribution. Annual cash flow reaches $1,620/yr on $43,095 to close, and return on cash invested stands at 23.67% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,916 over five years. Portfolio math shows five-year ROI at 123.81% and total cumulative return in cash at $53,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,018/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Melissa Grogan • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24141715