389 Old Colchester RdAmstonCT06231
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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 Amston at 389 Old Colchester Rd, Amston, CT, 06231 offers a 9.04% rental yield on a $599,000 purchase with $4,513/mo rent. Total monthly income registers $4,513/mo, and a $2,932/mo payment leaves $443/mo available for distribution. Annual cash flow reaches $5,315/yr on $197,071 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 118.88% and total cumulative return in cash at $234,274. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,513/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
2.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06231, Amston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,660 (100%) |
| Owner Occupied HU | 1,377 (83.0%) |
| Renter Occupied HU | 169 (10.2%) |
| Vacant Housing Units | 114 ( 6.9%) |
| Median Home Value | $439,650 |
| Average Home Value | $492,246 |
Housing Distribution
Address Breakdown
Residential
1,542
Single Family
1,542
Multi-Family
0
Businesses
29
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Listed by: Team Rio of Executive Real Estate • Executive Real Estate Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083872
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.