31 Louis LaneColchesterCT06415
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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 Colchester at 31 Louis Lane, Colchester, CT, 06415 offers $4,654/mo rent that, after a $1,816/mo payment, leaves $2,133/mo cash flow. Total monthly income is $4,654/mo, and annual cash flow is $25,597/yr on $122,987 cash. Return on cash invested measures 40.72% in year one, and rental yield stands at 15.05% 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 215.28% and total cumulative return in cash reaches $264,763. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,654/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 1960
9,583 sqft 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: Kimberly A. Veronesi • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24106418
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.