217 Newton StreetBerlinCT06037
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
Investment property for sale in Berlin at 217 Newton Street, Berlin, CT, 06037 earns $901/mo cash flow from $3,890/mo rent with a $2,153/mo payment. Total monthly income totals $3,890/mo, and annual cash flow totals $10,814/yr on $145,827 capital. ROI tracks 27.32% on current figures, and rental yield reads 10.61% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 143.42% and total cumulative return in cash sums $209,151. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,890/mo property income instead of your personal income.
Single Family
Built in 1970
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06037, Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,137 (100%) |
| Owner Occupied HU | 6,479 (79.6%) |
| Renter Occupied HU | 1,322 (16.2%) |
| Vacant Housing Units | 336 ( 4.1%) |
| Median Home Value | $398,216 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
7,978
Single Family
7,719
Multi-Family
259
Businesses
921
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Reza Abbassi • New Door Realty
Mls Name: Smart MLS
Mls ID: #24125358