22 Elaine DriveBroad BrookCT06016
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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
Investment property for sale in Broad Brook at 22 Elaine Drive, Broad Brook, CT, 06016 uses $95,804 cash to close to unlock $12,023/yr annual cash flow and $1,002/mo monthly cash flow. Total monthly income runs $2,966/mo, and a $1,415/mo payment keeps the spread at $1,002/mo. Purchase price stands at $289,000, and rental yield measures 12.32% with $2,966/mo rent. Return on cash invested shows 32.46% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 170.93% and total cumulative return in cash records $163,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,966/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06016, Broad Brook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,989 (66.5%) |
| Renter Occupied HU | 824 (27.6%) |
| Vacant Housing Units | 177 ( 5.9%) |
| Median Home Value | $361,124 |
| Average Home Value | $373,009 |
Housing Distribution
Address Breakdown
Residential
2,771
Single Family
2,327
Multi-Family
444
Businesses
115
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Listed by: Lindsey Niarhakos • RE/MAX One
Mls Name: Smart MLS
Mls ID: #24126646