369 Berlin StreetEast BerlinCT06023
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 East Berlin at 369 Berlin Street, East Berlin, CT, 06023 priced at $299,900 pairs $2,820/mo rent with $782/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,820/mo, and annual cash flow comes to $9,386/yr on $99,417 invested. Return on cash invested is 29.35% in year one, and rental yield stands at 11.28% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 154.31% and total cumulative return in cash reaches $153,412. For financing, Ziffy Mortgage’s DSCR program evaluates $2,820/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1860
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06023, East Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 509 (82.2%) |
| Renter Occupied HU | 108 (17.4%) |
| Vacant Housing Units | 2 ( 0.3%) |
| Median Home Value | $441,503 |
| Average Home Value | $453,630 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
506
Multi-Family
0
Businesses
160
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Listed by: Mary D. Gurrieri • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24127543