31 Leetes Island RoadGuilfordCT06437
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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 Guilford at 31 Leetes Island Road, Guilford, CT, 06437 offers $3,919/mo rent that, after a $1,816/mo payment, leaves $1,398/mo cash flow. Total monthly income is $3,919/mo, and annual cash flow is $16,777/yr on $122,987 cash. Return on cash invested measures 33.55% in year one, and rental yield stands at 12.68% at a $371,000 entry. Equity gained on principal adds $2,394/yr while 5% annual appreciation compounds into $102,500 by year five. Five-year ROI records 176.82% and total cumulative return in cash reaches $217,459. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,919/mo property income versus a $1,816/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06437, Guilford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,679 (100%) |
| Owner Occupied HU | 7,587 (78.4%) |
| Renter Occupied HU | 1,276 (13.2%) |
| Vacant Housing Units | 816 ( 8.4%) |
| Median Home Value | $566,268 |
| Average Home Value | $620,913 |
Housing Distribution
Address Breakdown
Residential
9,388
Single Family
9,159
Multi-Family
229
Businesses
989
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Listed by: Laura Russo • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113435
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.