23 Paper Mill DrMadisonCT06443
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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 Madison at 23 Paper Mill Dr, Madison, CT, 06443 at $680,000 posts ROI 30.68% with $1,980/mo cash flow from $6,600/mo rent. Total monthly income equals $6,600/mo, and annual cash flow records $23,760/yr on $223,720 to close. Return on cash invested measures 30.68% and rental yield reads 11.65% at the current $680,000. Equity gained on principal adds $4,388/yr, and 5% annual appreciation supports $187,871 by year five. Five-year ROI prints 161.37% and total cumulative return in cash totals $361,008.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
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Listed by: Cathy Lynch & Team • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087689
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.