357 East Mitchell Avenue #357CheshireCT06410
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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 Cheshire at 357 East Mitchell Avenue #357, Cheshire, CT, 06410 earns $148/mo cash flow from $1,282/mo rent with a $817/mo payment. Total monthly income totals $1,282/mo, and annual cash flow totals $1,772/yr on $55,361 capital. ROI tracks 23.11% on current figures, and rental yield reads 9.21% at a $167,000 purchase. Equity gained on principal adds $1,078/yr, and 5% annual appreciation supports $46,139 over five years. Five-year ROI reaches 120.81% and total cumulative return in cash sums $66,879. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,282/mo property income instead of your personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Dorota Karska-Piech • Calcagni Real Estate
Mls Name: Smart MLS
Mls ID: #24147290