3 Birch Ct #3CromwellCT06416
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cromwell at 3 Birch Ct #3, Cromwell, CT, 06416 uses $59,637 cash to close to unlock $7,790/yr annual cash flow and $649/mo monthly cash flow. Total monthly income runs $2,114/mo, and a $881/mo payment keeps the spread at $649/mo. Purchase price stands at $179,900, and rental yield measures 14.1% with $2,114/mo rent. Return on cash invested shows 32.97% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 175.54% and total cumulative return in cash records $104,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,114/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$242 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katarzyna Piekut • Gorski Realty LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24050778
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.