229 Branford Road #318North BranfordCT06471
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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 North Branford at 229 Branford Road #318, North Branford, CT, 06471 offers a 10.92% rental yield on a $265,000 purchase with $2,411/mo rent. Total monthly income registers $2,411/mo, and a $1,297/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,326/yr on $87,848 to close, and return on cash invested stands at 28.25% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 148.38% and total cumulative return in cash at $130,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,411/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06471, North Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,126 (100%) |
| Owner Occupied HU | 2,430 (77.7%) |
| Renter Occupied HU | 490 (15.7%) |
| Vacant Housing Units | 206 ( 6.6%) |
| Median Home Value | $434,469 |
| Average Home Value | $464,781 |
Housing Distribution
Address Breakdown
Residential
3,152
Single Family
2,904
Multi-Family
248
Businesses
377
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Listed by: Carol A. Mancini • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24125390