20 Comstock Avenue APT 3DEssexCT06442
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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 Essex at 20 Comstock Avenue APT 3D, Essex, CT, 06442 offers $1,845/mo rent that, after a $1,346/mo payment. Total monthly income is $1,845/mo. Return on cash invested measures 19.6% in year one, and rental yield stands at 8.05% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 102% and total cumulative return in cash reaches $92,987. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,845/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06442, Ivoryton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,222 (100%) |
| Owner Occupied HU | 1,016 (83.1%) |
| Renter Occupied HU | 151 (12.4%) |
| Vacant Housing Units | 55 ( 4.5%) |
| Median Home Value | $494,295 |
| Average Home Value | $543,295 |
Housing Distribution
Address Breakdown
Residential
1,038
Single Family
1,038
Multi-Family
0
Businesses
54
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Listed by: Jane Cardarelli • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24134839