24 Church DrWolcottCT06716
Nearby investment properties with comparable rents
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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 Wolcott at 24 Church Dr, Wolcott, CT, 06716 priced at $359,900 converts $2,550/mo rent into $104/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,550/mo, and annual cash flow totals $1,250/yr on $119,307 invested. Return on cash invested prints 20.96% in year one, and rental yield reads 8.5% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 109.28% and total cumulative return in cash sums $130,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,550/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
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Listed by: Lynn Lombardi • Fercodini Properties, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088425
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.