23 South StreetPlainfieldCT06374
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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
Rental property for sale in Plainfield at 23 South Street, Plainfield, CT, 06374 priced at $335,000 pairs $2,536/mo rent with $260/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,536/mo, and annual cash flow comes to $3,114/yr on $111,053 invested. Return on cash invested is 22.71% in year one, and rental yield stands at 9.08% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 118.7% and total cumulative return in cash reaches $131,816. For financing, Ziffy Mortgage’s DSCR program evaluates $2,536/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Cary A. Marcoux • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24135210