290 Witch Meadow RoadSalemCT06420
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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
Total monthly income runs $3,889/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 7.79% with $3,889/mo rent. Return on cash invested shows 18.96% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 98.5% and total cumulative return in cash records $194,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,889/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 2010
3.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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Listed by: James Kelly • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24120558
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.