3 Millstream RoadAmstonCT06231
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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 Amston at 3 Millstream Road, Amston, CT, 06231 generates $2,570/mo in rent and, after a $1,762/mo payment, leaves $124/mo in cash flow. Total monthly income is $2,570/mo, and annual cash flow is $1,490/yr on $119,307 invested. Return on cash invested sits at 21.16% in year one, and rental yield is 8.57% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 110.36% and total cumulative return in cash sums $131,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,570/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06231, Amston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,377 (83.0%) |
| Renter Occupied HU | 169 (10.2%) |
| Vacant Housing Units | 114 ( 6.9%) |
| Median Home Value | $439,650 |
| Average Home Value | $492,246 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,542
Multi-Family
0
Businesses
29
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Listed by: Vincent L. Diana • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24109779