278 Preston RoadTerryvilleCT06786
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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 Terryville at 278 Preston Road, Terryville, CT, 06786 offers $3,875/mo rent that, after a $2,814/mo payment. Total monthly income is $3,875/mo. Return on cash invested measures 19.86% in year one, and rental yield stands at 8.09% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 103.36% and total cumulative return in cash reaches $195,527. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,875/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06786, Terryville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,027 (100%) |
| Owner Occupied HU | 2,995 (74.4%) |
| Renter Occupied HU | 835 (20.7%) |
| Vacant Housing Units | 197 ( 4.9%) |
| Median Home Value | $271,494 |
| Average Home Value | $339,233 |
Housing Distribution
Address Breakdown
Residential
4,009
Single Family
3,939
Multi-Family
70
Businesses
263
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Listed by: Donald A. Sciarretto • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24146335