219 Cabin RoadColchesterCT06415
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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 Colchester at 219 Cabin Road, Colchester, CT, 06415 priced at $338,000 pairs $2,441/mo rent with $145/mo cash flow after a $1,654/mo payment. Total monthly income equals $2,441/mo, and annual cash flow comes to $1,738/yr on $112,047 invested. Return on cash invested is 21.46% in year one, and rental yield stands at 8.67% on a $338,000 basis. Equity gained on principal adds $2,181/yr, and 5% annual appreciation accumulates to $93,383 by year five. Five-year ROI measures 111.94% and total cumulative return in cash reaches $125,426. For financing, Ziffy Mortgage’s DSCR program evaluates $2,441/mo property income against a $1,654/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.40 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: Nina M. Beebe • RE/MAX on the Bay
Mls Name: Smart MLS
Mls ID: #24147915