281 Old Mill RoadMiddletownCT06457
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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 Middletown at 281 Old Mill Road, Middletown, CT, 06457 priced at $410,000 pairs $3,551/mo rent with $762/mo cash flow after a $2,007/mo payment. Total monthly income equals $3,551/mo, and annual cash flow comes to $9,139/yr on $135,915 invested. Return on cash invested is 26.63% in year one, and rental yield stands at 10.39% on a $410,000 basis. Equity gained on principal adds $2,646/yr, and 5% annual appreciation accumulates to $113,275 by year five. Five-year ROI measures 139.71% and total cumulative return in cash reaches $189,887. For financing, Ziffy Mortgage’s DSCR program evaluates $3,551/mo property income against a $2,007/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Rick Berkenstock • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24118408
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.