31 Sutton PlaceBloomfieldCT06002
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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 Bloomfield at 31 Sutton Place, Bloomfield, CT, 06002 offers $1,389/mo rent that, after a $854/mo payment, leaves $203/mo cash flow. Total monthly income is $1,389/mo, and annual cash flow is $2,441/yr on $57,847 cash. Return on cash invested measures 24.13% in year one, and rental yield stands at 9.55% at a $174,500 entry. Equity gained on principal adds $1,126/yr while 5% annual appreciation compounds into $48,211 by year five. Five-year ROI records 126.32% and total cumulative return in cash reaches $73,074. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,389/mo property income versus a $854/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,076 (100%) |
| Owner Occupied HU | 6,480 (64.3%) |
| Renter Occupied HU | 2,956 (29.3%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $332,059 |
| Average Home Value | $364,008 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
8,117
Multi-Family
1,694
Businesses
1,162
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Listed by: Linda C. Moss • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24127745