31 Woodbridge Lane #31CromwellCT06416
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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 Cromwell at 31 Woodbridge Lane #31, Cromwell, CT, 06416 generates $2,020/mo in rent, after a $1,551/mo payment. Total monthly income is $2,020/mo. Return on cash invested sits at 13.76% in year one, and rental yield is 7.65% on a $316,900 entry. Equity gained on principal adds $2,045/yr, while 5% annual appreciation builds toward $87,554 over five years. Five-year ROI reaches 72.35% and total cumulative return in cash sums $76,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,020/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$405 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
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Listed by: Alaija Santiago • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24120364
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.