38 Old Turnpike RoadBantamCT06750
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.32% gross rental yield, 38 Old Turnpike Road, Bantam, CT, 06750 in Bantam is priced for capital growth, not immediate cash flow. The $1,495,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $413,041 by year five, with $13,769/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.80) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $263,519.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 6.2% |
| Monthly Cash Flow | $(4,776) | $300 |
City averages based on Bantam market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,382 |
| Total Monthly Debt Service | $9,563 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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