3 Smith Farm RdCromwellCT06416
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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 Cromwell at 3 Smith Farm Rd, Cromwell, CT, 06416 with 5% annual appreciation on a $899,400 basis while $5,185/mo rent supports operations. 31% in year one. Equity gained on principal adds $5,804/yr, and five-year appreciation sums $248,488 alongside rental yield of 6.92%. Five-year ROI measures 84.29% and total cumulative return in cash totals $249,423. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,185/mo property income versus a $4,402/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
0.57 Acres 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: N/A • N/A
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