3 River RoadEast HaddamCT06423
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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
Investment property for sale in East Haddam at 3 River Road, East Haddam, CT, 06423 earns from $1,920/mo rent with a $3,500/mo payment. Total monthly income totals $1,920/mo. ROI tracks 5.07% on current figures, and rental yield reads 3.22% at a $715,000 purchase. Equity gained on principal adds $4,614/yr, and 5% annual appreciation supports $197,541 over five years. Five-year ROI reaches 24.04% and total cumulative return in cash sums $56,553. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.
Single Family
Built in 1967
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06423, East Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,780 (76.6%) |
| Renter Occupied HU | 203 ( 8.7%) |
| Vacant Housing Units | 341 (14.7%) |
| Median Home Value | $468,990 |
| Average Home Value | $574,756 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
107
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Listed by: Susan O'Dell • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24142452