24 David DrColchesterCT06415
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 24 David Dr, Colchester, CT, 06415 in Colchester delivers $2,726/mo in gross rent and $348/mo in net monthly income at a $350,000 entry. The 9.35% yield and 1.73 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $96,699 over five years and $3,224/yr in equity from loan paydown, total projected return is $155,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $348 | $1,800 |
City averages based on Colchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,726 |
| Total Monthly Debt Service | $2,239 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
Nearby investment properties with comparable rents
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
Single Family
Built in 1973
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices