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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Colchester at 38 School Road, Colchester, CT, 06415 listed at $699,900 pairs $3,000/mo rent with a $3,426/mo payment. Total monthly income runs $3,000/mo. Return on cash invested measures 10.91% in year one, and rental yield registers 5.14% at a $699,900 basis. Equity gained on principal adds $4,516/yr, and annual property appreciation at 5% supports $193,369 by year five. Five-year ROI tracks 55.37% and total cumulative return in cash totals $127,496. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
3.04 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $699,900 |
| 2022-09-01 | Sold | $565,000 |
| 2022-08-01 | Contingent | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $11090.00 | 15.32% | $386,800 | 9.48% |
| 2023-07-01 | $9617.00 | 28.59% | $353,300 | 27.91% |
| 2022-07-01 | $7479.00 | 2.31% | $276,200 | 24.08% |
Listed by: Mary A. Parker • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107096
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.
