23 Mechanics Street #101PutnamCT06260
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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 Putnam at 23 Mechanics Street #101, Putnam, CT, 06260 earns $114/mo cash flow from $990/mo rent with a $631/mo payment. Total monthly income totals $990/mo, and annual cash flow totals $1,367/yr on $42,764 capital. ROI tracks 23.11% on current figures, and rental yield reads 9.21% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 120.81% and total cumulative return in cash sums $51,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $990/mo property income instead of your personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06260, Putnam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 2,523 (57.6%) |
| Renter Occupied HU | 1,600 (36.5%) |
| Vacant Housing Units | 260 ( 5.9%) |
| Median Home Value | $300,290 |
| Average Home Value | $409,670 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
3,899
Multi-Family
299
Businesses
489
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Listed by: Melissa Bonina • Custom Home Realty
Mls Name: Smart MLS
Mls ID: #24142117