204 Broadway StColchesterCT06415
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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 Colchester at 204 Broadway St, Colchester, CT, 06415 priced at $389,925 pairs $2,656/mo rent with $7/mo cash flow after a $1,908/mo payment. Total monthly income equals $2,656/mo, and annual cash flow comes to $86/yr on $129,260 invested. Return on cash invested is 19.98% in year one, and rental yield stands at 8.17% on a $389,925 basis. Equity gained on principal adds $2,516/yr, and 5% annual appreciation accumulates to $107,729 by year five. Five-year ROI measures 104.02% and total cumulative return in cash reaches $134,457. For financing, Ziffy Mortgage’s DSCR program evaluates $2,656/mo property income against a $1,908/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1790
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Jayson G. Kemp • Five Stars Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082169
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.