22 Lake Shore DriveMiddlefieldCT06455
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 Middlefield at 22 Lake Shore Drive, Middlefield, CT, 06455 earns from $4,830/mo rent with a $4,748/mo payment. Total monthly income totals $4,830/mo. ROI tracks 13.44% on current figures, and rental yield reads 5.98% at a $970,000 purchase. Equity gained on principal adds $6,259/yr, and 5% annual appreciation supports $267,993 over five years. Five-year ROI reaches 68.9% and total cumulative return in cash sums $219,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,830/mo property income instead of your personal income.
Single Family
Built in 1947
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06455, Middlefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,358 (100%) |
| Owner Occupied HU | 1,104 (81.3%) |
| Renter Occupied HU | 173 (12.7%) |
| Vacant Housing Units | 81 ( 6.0%) |
| Median Home Value | $469,649 |
| Average Home Value | $485,915 |
Housing Distribution
Address Breakdown
Residential
1,195
Single Family
1,195
Multi-Family
0
Businesses
139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie L. Clark • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097910
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.