278 Wiese RoadCheshireCT06410
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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
Investment property for sale in Cheshire at 278 Wiese Road, Cheshire, CT, 06410 offers a 9.76% rental yield on a $339,900 purchase with $2,764/mo rent. Total monthly income registers $2,764/mo, and a $1,664/mo payment leaves $454/mo available for distribution. Annual cash flow reaches $5,450/yr on $112,677 to close, and return on cash invested stands at 24.75% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 129.61% and total cumulative return in cash at $146,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,764/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Joe R. Snell • Luxe Realty LLC
Mls Name: Smart MLS
Mls ID: #24134698