23 Norton TrailPlainvilleCT06062
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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 Plainville at 23 Norton Trail, Plainville, CT, 06062 offers a 8.75% rental yield on a $450,000 purchase with $3,280/mo rent. Total monthly income registers $3,280/mo, and a $2,203/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,664/yr on $149,175 to close, and return on cash invested stands at 21.69% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 113.21% and total cumulative return in cash at $168,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,280/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Chad Trzcinski • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24119120
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.