33 Harkness DriveMadisonCT06443
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
Investment Highlights
Investment property for sale in Madison at 33 Harkness Drive, Madison, CT, 06443 earns $1,505/mo cash flow from $6,600/mo rent with a $3,670/mo payment. Total monthly income totals $6,600/mo, and annual cash flow totals $18,062/yr on $246,717 capital. ROI tracks 27.38% on current figures, and rental yield reads 10.56% at a $749,900 purchase. Equity gained on principal adds $4,839/yr, and 5% annual appreciation supports $207,184 over five years. Five-year ROI reaches 143.69% and total cumulative return in cash sums $354,514. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,600/mo property income instead of your personal income.
Single Family
Built in 1965
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Cardarelli • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24144359