231 Stony Mill Lane #231East BerlinCT06023
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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 Berlin at 231 Stony Mill Lane #231, East Berlin, CT, 06023 earns $442/mo cash flow from $2,820/mo rent with a $1,713/mo payment. Total monthly income totals $2,820/mo, and annual cash flow totals $5,306/yr on $115,992 capital. ROI tracks 24.48% on current figures, and rental yield reads 9.67% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 128.21% and total cumulative return in cash sums $148,710. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06023, East Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 509 (82.2%) |
| Renter Occupied HU | 108 (17.4%) |
| Vacant Housing Units | 2 ( 0.3%) |
| Median Home Value | $441,503 |
| Average Home Value | $453,630 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
160
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Listed by: Natalie Collins • Better Living Realty, LLC
Mls Name: Smart MLS
Mls ID: #24120038