38 Old Turnpike RoadBantamCT06750
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
Investment property for sale in Bantam at 38 Old Turnpike Road, Bantam, CT, 06750 with 5% annual appreciation on a $1,495,000 basis while $5,382/mo rent supports operations. 54% in year one. Equity gained on principal adds $9,647/yr, and five-year appreciation sums $413,041 alongside rental yield of 4.32%. Five-year ROI measures 42.58% and total cumulative return in cash totals $206,269. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,382/mo property income versus a $7,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1777
4.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06750, Bantam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 806 (100%) |
| Owner Occupied HU | 498 (61.8%) |
| Renter Occupied HU | 211 (26.2%) |
| Vacant Housing Units | 97 (12.0%) |
| Median Home Value | $378,761 |
| Average Home Value | $545,522 |
Housing Distribution
Address Breakdown
Residential
575
Single Family
482
Multi-Family
93
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Hinkel • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24136619