31 Locke DrEnfieldCT06082
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 31 Locke Dr, Enfield, CT, 06082 in Enfield deserves attention. This $400,000 property earns $3,594/mo in rent, a 10.19% gross yield, and nets $601/mo after the $1,799/mo payment. DSCR 2.00 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $110,513 compounds alongside $3,684/yr in yearly equity build, for a total cumulative return of $204,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $601 | $450 |
City averages based on Enfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,594 |
| Total Monthly Debt Service | $2,637 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1971
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
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
Single Family
Built in 1971
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Team Rovi • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088682
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.