3 Kerrie CourtGales FerryCT06335
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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 Gales Ferry at 3 Kerrie Court, Gales Ferry, CT, 06335 priced at $515,000 pairs $4,085/mo rent with $586/mo cash flow after a $2,521/mo payment. Total monthly income equals $4,085/mo, and annual cash flow comes to $7,026/yr on $169,435 invested. Return on cash invested is 24.21% in year one, and rental yield stands at 9.52% on a $515,000 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,285 by year five. Five-year ROI measures 126.67% and total cumulative return in cash reaches $214,621. For financing, Ziffy Mortgage’s DSCR program evaluates $4,085/mo property income against a $2,521/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06335, Gales Ferry, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,719 (100%) |
| Owner Occupied HU | 2,191 (80.6%) |
| Renter Occupied HU | 375 (13.8%) |
| Vacant Housing Units | 153 ( 5.6%) |
| Median Home Value | $332,483 |
| Average Home Value | $361,753 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,616
Multi-Family
30
Businesses
157
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Listed by: Danielle Turrell • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24115553
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.