24 Marie StreetPlainfieldCT06374
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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 Plainfield at 24 Marie Street, Plainfield, CT, 06374 listed at $340,000 pairs $3,148/mo rent with a $1,664/mo payment to leave $838/mo cash flow. Total monthly income runs $3,148/mo, and annual cash flow reaches $10,056/yr on $112,710 cash to close. Return on cash invested measures 28.83% in year one, and rental yield registers 11.11% at a $340,000 basis. Equity gained on principal adds $2,194/yr, and annual property appreciation at 5% supports $93,936 by year five. Five-year ROI tracks 151.46% and total cumulative return in cash totals $170,706. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,148/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
0.69 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: Melissa Guerrero • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24133895