38 Sutton Place #38BloomfieldCT06002
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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 Bloomfield at 38 Sutton Place #38, Bloomfield, CT, 06002 uses $53,040 cash to close to unlock $1,608/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,221/mo, and a $783/mo payment keeps the spread at $134/mo. Purchase price stands at $160,000, and rental yield measures 9.16% with $1,221/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 119.89% and total cumulative return in cash records $63,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,221/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,076 (100%) |
| Owner Occupied HU | 6,480 (64.3%) |
| Renter Occupied HU | 2,956 (29.3%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $332,059 |
| Average Home Value | $364,008 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
8,117
Multi-Family
1,694
Businesses
1,162
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Listed by: Rhonda K. Leonard • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24142723