280 East Main Street APT A2ClintonCT06413
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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 Clinton at 280 East Main Street APT A2, Clinton, CT, 06413 offers a 8.24% rental yield on a $205,000 purchase with $1,408/mo rent. Total monthly income registers $1,408/mo, and a $1,003/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $186/yr on $67,958 to close, and return on cash invested stands at 20.18% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 105.13% and total cumulative return in cash at $71,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,408/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06413, Clinton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,195 (100%) |
| Owner Occupied HU | 4,509 (72.8%) |
| Renter Occupied HU | 1,064 (17.2%) |
| Vacant Housing Units | 622 (10.0%) |
| Median Home Value | $438,249 |
| Average Home Value | $494,930 |
Housing Distribution
Address Breakdown
Residential
5,886
Single Family
5,754
Multi-Family
132
Businesses
546
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Listed by: Nicholas D. Langello • Sellsomeproperty.com
Mls Name: Smart MLS
Mls ID: #24104853