34 Pleasant Street #6PlainfieldCT06374
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
Rental property for sale in Plainfield at 34 Pleasant Street #6, Plainfield, CT, 06374 priced at $269,900 converts $1,554/mo rent into after a $1,321/mo obligation. Total monthly income equals $1,554/mo. Return on cash invested prints 9.41% in year one, and rental yield reads 6.91% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 49.82% and total cumulative return in cash sums $44,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,554/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Condo
Built in 1877
N/A lot
$N/A/sqft
$503 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin Carbone • Lamacchia Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24099721
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.