3 Cedarland Court #3CromwellCT06416
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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 Cromwell at 3 Cedarland Court #3, Cromwell, CT, 06416 priced at $225,000 pairs $1,620/mo rent with $92/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,620/mo, and annual cash flow comes to $1,098/yr on $74,588 invested. Return on cash invested is 21.38% in year one, and rental yield stands at 8.64% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 111.55% and total cumulative return in cash reaches $83,205. For financing, Ziffy Mortgage’s DSCR program evaluates $1,620/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No 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
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Listed by: Sarah S. Ferrante • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24118117