255 Forest RoadNorthfordCT06472
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
Investment Highlights
Rental property for sale in Northford at 255 Forest Road, Northford, CT, 06472 offers $3,240/mo rent that, after a $1,833/mo payment, leaves $695/mo cash flow. Total monthly income is $3,240/mo, and annual cash flow is $8,345/yr on $124,147 cash. Return on cash invested measures 26.63% in year one, and rental yield stands at 10.38% at a $374,500 entry. Equity gained on principal adds $2,417/yr while 5% annual appreciation compounds into $103,467 by year five. Five-year ROI records 139.69% and total cumulative return in cash reaches $173,426. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,240/mo property income versus a $1,833/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06472, Northford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 2,207 (87.8%) |
| Renter Occupied HU | 229 ( 9.1%) |
| Vacant Housing Units | 79 ( 3.1%) |
| Median Home Value | $420,156 |
| Average Home Value | $460,915 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,418
Multi-Family
0
Businesses
177
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Listed by: Lori O'Brien • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24038742