32 Spring StreetMiddletownCT06457
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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
Investment property for sale in Middletown at 32 Spring Street, Middletown, CT, 06457 with 5% annual appreciation on a $499,900 basis while $5,490/mo rent supports operations. Total monthly income totals $5,490/mo and a $2,447/mo payment preserves $2,093/mo for cash returns. Annual cash flow comes to $25,118/yr on $165,717 deployed, and return on cash invested reaches 35.07% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,113 alongside rental yield of 13.18%. Five-year ROI measures 184.93% and total cumulative return in cash totals $306,468.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,490/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1916
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Richard Tabor • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24146172