369 Main StreetEast BerlinCT06023
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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 East Berlin at 369 Main Street, East Berlin, CT, 06023 priced at $415,000 converts $4,253/mo rent into $1,434/mo cash flow after a $2,031/mo obligation. Total monthly income equals $4,253/mo, and annual cash flow totals $17,202/yr on $137,573 invested. Return on cash invested prints 32.41% in year one, and rental yield reads 12.3% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 170.69% and total cumulative return in cash sums $234,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,253/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.38 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: Ethan Maddalena • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104198
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