20 Grant AvePlainvilleCT06062
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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 Plainville at 20 Grant Ave, Plainville, CT, 06062 priced at $184,500 pairs $2,100/mo rent with $845/mo cash flow after a $903/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $10,139/yr on $61,162 invested. Return on cash invested is 36.49% in year one, and rental yield stands at 13.66% on a $184,500 basis. Equity gained on principal adds $1,191/yr, and 5% annual appreciation accumulates to $50,974 by year five. Five-year ROI measures 192.55% and total cumulative return in cash reaches $117,770. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $903/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: The Geena Becker Team • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24052826
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