277 Old Colony RoadEastfordCT06242
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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
Rental property for sale in Eastford at 277 Old Colony Road, Eastford, CT, 06242 priced at $111,500 converts $2,659/mo rent into $1,856/mo cash flow after a $546/mo obligation. Total monthly income equals $2,659/mo, and annual cash flow totals $22,278/yr on $36,962 invested. Return on cash invested prints 80.18% in year one, and rental yield reads 28.62% against a $111,500 entry. Equity gained on principal adds $719/yr, while 5% annual appreciation compiles into $30,805 by year five. Five-year ROI reaches 427.42% and total cumulative return in cash sums $157,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,659/mo property income covering a $546/mo payment, not borrower’s personal income.
Single Family
Built in 1792
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06242, Eastford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 620 (100%) |
| Owner Occupied HU | 438 (70.6%) |
| Renter Occupied HU | 92 (14.8%) |
| Vacant Housing Units | 90 (14.5%) |
| Median Home Value | $403,676 |
| Average Home Value | $422,078 |
Housing Distribution
Address Breakdown
Residential
440
Single Family
440
Multi-Family
0
Businesses
46
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Listed by: Melissa Guerrero • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24130310
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.