221 Scenic Drive #221BerlinCT06037
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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
Total monthly income runs $3,000/mo, and a $3,128/mo payment. Purchase price stands at $639,000, and rental yield measures 5.63% with $3,000/mo rent. Return on cash invested shows 10.03% in year one, and 5% annual appreciation builds toward $176,544 over five years. Five-year ROI reaches 51.49% and total cumulative return in cash records $108,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $3,128/mo payment rather than investor’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$415 monthly 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
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Listed by: Lisa A. Campo • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24099516
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.