378 Route 87ColumbiaCT06237
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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 Columbia at 378 Route 87, Columbia, CT, 06237 earns $408/mo cash flow from $2,887/mo rent with a $1,786/mo payment. Total monthly income totals $2,887/mo, and annual cash flow totals $4,892/yr on $120,964 capital. ROI tracks 23.95% on current figures, and rental yield reads 9.49% at a $364,900 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,815 over five years. Five-year ROI reaches 125.33% and total cumulative return in cash sums $151,608. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,887/mo property income instead of your personal income.
Single Family
Built in 1962
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06237, Columbia, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,272 (100%) |
| Owner Occupied HU | 1,914 (84.2%) |
| Renter Occupied HU | 182 ( 8.0%) |
| Vacant Housing Units | 176 ( 7.7%) |
| Median Home Value | $361,831 |
| Average Home Value | $389,323 |
Housing Distribution
Address Breakdown
Residential
2,135
Single Family
2,112
Multi-Family
23
Businesses
115
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Listed by: Lindsey Niarhakos • RE/MAX One
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088665
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.