213 Lakeview DriveColchesterCT06415
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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 213 Lakeview Drive, Colchester, CT, 06415 priced at $590,000 converts $2,479/mo rent into after a $2,888/mo obligation. Total monthly income equals $2,479/mo. Return on cash invested prints 10.6% in year one, and rental yield reads 5.04% against a $590,000 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $163,006 by year five. Five-year ROI reaches 53.7% and total cumulative return in cash sums $104,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $2,888/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,147 sqft 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: Kim White • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24121617