33 Olney RoadWethersfieldCT06109
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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 Wethersfield at 33 Olney Road, Wethersfield, CT, 06109 priced at $309,900 converts $2,833/mo rent into $727/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,833/mo, and annual cash flow totals $8,726/yr on $102,732 invested. Return on cash invested prints 28.4% in year one, and rental yield reads 10.97% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 149.22% and total cumulative return in cash sums $153,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,833/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Rose Marie Elias • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146658