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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Bloomfield at 242 Park Avenue, Bloomfield, CT, 06002 with 5% annual appreciation on a $329,900 basis while $2,364/mo rent supports operations. Total monthly income totals $2,364/mo and a $1,615/mo payment preserves $122/mo for cash returns. Annual cash flow comes to $1,466/yr on $109,362 deployed, and return on cash invested reaches 21.25% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 8.6%. Five-year ROI measures 110.86% and total cumulative return in cash totals $121,239.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,364/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1933
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,076 (100%) |
| Owner Occupied HU | 6,480 (64.3%) |
| Renter Occupied HU | 2,956 (29.3%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $332,059 |
| Average Home Value | $364,008 |
Residential
9,811
Single Family
8,117
Multi-Family
1,694
Businesses
1,162
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $329,900 |
| 2017-05-18 | Sold | $166,000 |
| 2017-03-24 | Pending sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $3615.00 | N/A | $104,690 | N/A |
| 2023-06-02 | $3615.00 | N/A | $104,690 | N/A |
| 2022-06-02 | $3615.00 | -9.33% | $104,690 | N/A |
What's Special
Walk-up
Listed by: Joe R. Snell • Luxe Realty LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098359
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.
