32 Michele DriveSomersCT06071
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 32 Michele Drive, Somers, CT, 06071 in Somers. At $379,900 it earns $3,054/mo in rent and distributes $473/mo to the owner after the $1,708/mo payment, a consistent 9.65% yield. DSCR 1.79 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $104,959 in value; $3,499/yr in principal paydown compounds ownership stake. Total projected return: $175,545.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $473 | $1,500 |
City averages based on Somers market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,054 |
| Total Monthly Debt Service | $2,430 |
| DSCR Ratio | 1.26x |
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 1965
0.92 Acres lot
$N/A/sqft
No HOA
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 1965
0.92 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Goff • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24142583