393 Forsyth RdSalemCT06420
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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 Salem at 393 Forsyth Rd, Salem, CT, 06420 offers a 8.18% rental yield on a $511,000 purchase with $3,482/mo rent. Total monthly income registers $3,482/mo, and a $2,501/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $121/yr on $168,119 to close, and return on cash invested stands at 20.13% in year one. Equity gained on principal adds $3,297/yr while 5% annual appreciation supports $141,180 over five years. Portfolio math shows five-year ROI at 104.84% and total cumulative return in cash at $176,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,482/mo property income against a $2,501/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
3.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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