398 Cabin RoadColchesterCT06415
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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 Colchester at 398 Cabin Road, Colchester, CT, 06415 uses $129,617 cash to close to unlock $4,117/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,914/mo payment keeps the spread at $343/mo. Purchase price stands at $391,000, and rental yield measures 9.21% with $3,000/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $108,026 over five years. Five-year ROI reaches 120.71% and total cumulative return in cash records $156,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,914/mo payment rather than investor’s personal income.
Single Family
Built in 2001
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Danielle Spada • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107019
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.