23 Spithead RdWaterfordCT06385
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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
Rental property for sale in Waterford at 23 Spithead Rd, Waterford, CT, 06385 generates $2,954/mo in rent and, after a $611/mo payment, leaves $2,106/mo in cash flow. Total monthly income is $2,954/mo, and annual cash flow is $25,268/yr on $41,404 invested. Return on cash invested sits at 80.94% in year one, and rental yield is 28.38% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 430.91% and total cumulative return in cash sums $178,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,954/mo property income rather than buyer’s personal income.
Lot
Built in N/A
3.02 Acres lot
$N/A/sqft
No HOA
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Listed by: Dale J. Bunn • Riverview Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #170606373
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.