39 Richards Grove RoadQuaker HillCT06375
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
Rental property for sale in Quaker Hill at 39 Richards Grove Road, Quaker Hill, CT, 06375 priced at $450,000 converts $2,985/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,985/mo. Return on cash invested prints 19.32% in year one, and rental yield reads 7.96% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 100.48% and total cumulative return in cash sums $149,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,985/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2004
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06375, Quaker Hill, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,529 (100%) |
| Owner Occupied HU | 1,256 (82.1%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 91 ( 6.0%) |
| Median Home Value | $350,348 |
| Average Home Value | $405,239 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard C. Bates • CENTURY 21 Shutters & Sails
Mls Name: Smart MLS
Mls ID: #24143140