33 Langdon Court APT E203BerlinCT06037
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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 Berlin at 33 Langdon Court APT E203, Berlin, CT, 06037 uses $86,190 cash to close to unlock $8,688/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $2,791/mo, and a $1,273/mo payment keeps the spread at $724/mo. Purchase price stands at $260,000, and rental yield measures 12.88% with $2,791/mo rent. Return on cash invested shows 29.99% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 159.2% and total cumulative return in cash records $137,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,791/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06037, Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,137 (100%) |
| Owner Occupied HU | 6,479 (79.6%) |
| Renter Occupied HU | 1,322 (16.2%) |
| Vacant Housing Units | 336 ( 4.1%) |
| Median Home Value | $398,216 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
7,978
Single Family
7,719
Multi-Family
259
Businesses
921
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Listed by: Toni R. Strain • Carol Cole Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093908
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.