23 Highview AvenueWethersfieldCT06109
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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 Highview Avenue, Wethersfield, CT, 06109 priced at $319,900 pairs $2,714/mo rent with $540/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,714/mo, and annual cash flow comes to $6,482/yr on $106,047 invested. Return on cash invested is 26.02% in year one, and rental yield stands at 10.18% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 136.44% and total cumulative return in cash reaches $144,692. For financing, Ziffy Mortgage’s DSCR program evaluates $2,714/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
0.42 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: Lisa H. Bowman • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24143839