264 Stony Mill Lane #264East BerlinCT06023
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow264 Stony Mill Lane #264, East Berlin, CT, 06023 in East Berlin earns its strong cash-flow label: 11.1% yield, $2,820/mo rent, $748/mo net income, DSCR 2.06. The $304,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $84,238 by year five. Combined with $2,808/yr in principal paydown, total projected return reaches $164,597.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 8.0% |
| Monthly Cash Flow | $748 | $300 |
City averages based on East Berlin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,820 |
| Total Monthly Debt Service | $1,950 |
| DSCR Ratio | 1.45x |
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.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06023, East Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 509 (82.2%) |
| Renter Occupied HU | 108 (17.4%) |
| Vacant Housing Units | 2 ( 0.3%) |
| Median Home Value | $441,503 |
| Average Home Value | $453,630 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
160
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
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06023, East Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 509 (82.2%) |
| Renter Occupied HU | 108 (17.4%) |
| Vacant Housing Units | 2 ( 0.3%) |
| Median Home Value | $441,503 |
| Average Home Value | $453,630 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
160
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris B. Rose • ERA Hart Sargis-Breen
Mls Name: Smart MLS
Mls ID: #24106561