344 Main StreetTerryvilleCT06786
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 Terryville at 344 Main Street, Terryville, CT, 06786 offers $1,956/mo rent that, after a $1,762/mo payment. Total monthly income is $1,956/mo. Return on cash invested measures 14.98% in year one, and rental yield stands at 6.52% at a $359,900 entry. Equity gained on principal adds $2,322/yr while 5% annual appreciation compounds into $99,434 by year five. Five-year ROI records 77.25% and total cumulative return in cash reaches $92,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,956/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2024
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06786, Terryville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,027 (100%) |
| Owner Occupied HU | 2,995 (74.4%) |
| Renter Occupied HU | 835 (20.7%) |
| Vacant Housing Units | 197 ( 4.9%) |
| Median Home Value | $271,494 |
| Average Home Value | $339,233 |
Housing Distribution
Address Breakdown
Residential
4,009
Single Family
3,939
Multi-Family
70
Businesses
263
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Nearby investment properties with comparable prices
Listed by: Jason D. Malagutti • Regency Real Estate, LLC
Mls Name: Smart MLS
Mls ID: #24117682