20 Light StreetEnfieldCT06082
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 Enfield at 20 Light Street, Enfield, CT, 06082 priced at $292,000 converts $2,880/mo rent into $896/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $10,754/yr on $96,798 invested. Return on cash invested prints 31.02% in year one, and rental yield reads 11.84% against a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,674 by year five. Five-year ROI reaches 163.25% and total cumulative return in cash sums $158,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
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Listed by: Yvette C. Owens • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24130144