3 Westerly TerraceColchesterCT06415
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colchester at 3 Westerly Terrace, Colchester, CT, 06415 at $369,000 posts ROI 20.48% with $58/mo cash flow from $2,565/mo rent. Total monthly income equals $2,565/mo, and annual cash flow records $695/yr on $122,324 to close. Return on cash invested measures 20.48% and rental yield reads 8.34% at the current $369,000. Equity gained on principal adds $2,381/yr, and 5% annual appreciation supports $101,948 by year five. Five-year ROI prints 106.68% and total cumulative return in cash totals $130,491.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,565/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1975
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Indora Chaviaras • McCorrison DW Fish Real Estate
Mls Name: Smart MLS
Mls ID: #24138372