23 Lewis RoadPrestonCT06365
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 Preston at 23 Lewis Road, Preston, CT, 06365 offers a 8.85% rental yield on a $490,000 purchase with $3,612/mo rent. Total monthly income registers $3,612/mo, and a $2,398/mo payment leaves $283/mo available for distribution. Annual cash flow reaches $3,396/yr on $162,435 to close, and return on cash invested stands at 22% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 114.83% and total cumulative return in cash at $186,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,612/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06365, Preston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,113 (100%) |
| Owner Occupied HU | 1,708 (80.8%) |
| Renter Occupied HU | 278 (13.2%) |
| Vacant Housing Units | 127 ( 6.0%) |
| Median Home Value | $380,395 |
| Average Home Value | $483,567 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,991
Multi-Family
40
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Bresnan • CENTURY 21 Shutters & Sails
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24102422
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.