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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Somers at 3 Olde Salem Drive, Somers, CT, 06071 priced at $590,000 converts $4,718/mo rent into $709/mo cash flow after a $2,888/mo obligation. Total monthly income equals $4,718/mo, and annual cash flow totals $8,508/yr on $194,110 invested. Return on cash invested prints 24.44% in year one, and rental yield reads 9.6% against a $590,000 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $163,006 by year five. Five-year ROI reaches 127.92% and total cumulative return in cash sums $248,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,718/mo property income covering a $2,888/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.89 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-08-21 | Sold | $590,000 |
| 2025-07-15 | Pending sale | $575,000 |
| 2025-07-12 | Listed for sale | $575,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-15 | $7425.00 | 2.29% | $256,400 | N/A |
| 2023-10-15 | $7259.00 | 2.73% | $256,400 | N/A |
| 2022-10-15 | $7066.00 | 14.15% | $256,400 | 10.42% |
What's Special
Crawl Space,Storage
Listed by: Bethany York Rudzik • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24110448
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