23 Olmstead RoadEast HaddamCT06423
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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 East Haddam at 23 Olmstead Road, East Haddam, CT, 06423 offers a 2.05% rental yield on a $1,125,000 purchase with $1,920/mo rent. 53% in year one. Equity gained on principal adds $7,259/yr while 5% annual appreciation supports $310,817 over five years. Portfolio math shows five-year ROI at 4.99% and total cumulative return in cash at $18,176. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $5,506/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06423, East Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,780 (76.6%) |
| Renter Occupied HU | 203 ( 8.7%) |
| Vacant Housing Units | 341 (14.7%) |
| Median Home Value | $468,990 |
| Average Home Value | $574,756 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
107
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Listed by: Tina Rupp • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24123667