26 King StreetPutnamCT06260
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 Putnam at 26 King Street, Putnam, CT, 06260 priced at $240,000 pairs $1,860/mo rent with $229/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $2,748/yr on $79,560 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 9.3% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 122.13% and total cumulative return in cash reaches $97,166. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06260, Putnam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 2,523 (57.6%) |
| Renter Occupied HU | 1,600 (36.5%) |
| Vacant Housing Units | 260 ( 5.9%) |
| Median Home Value | $300,290 |
| Average Home Value | $409,670 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
3,899
Multi-Family
299
Businesses
489
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Listed by: Lynn T. Converse • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24150536