23 Grandview TerWethersfieldCT06109
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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
Rental property for sale in Wethersfield at 23 Grandview Ter, Wethersfield, CT, 06109 priced at $375,000 pairs $3,595/mo rent with $943/mo cash flow after a $1,835/mo payment. Total monthly income equals $3,595/mo, and annual cash flow comes to $11,310/yr on $124,313 invested. Return on cash invested is 29.01% in year one, and rental yield stands at 11.5% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 152.8% and total cumulative return in cash reaches $189,951. For financing, Ziffy Mortgage’s DSCR program evaluates $3,595/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Matthew F. Schoenhardt • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24058606
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.