4 Lower Heatherwood #4CromwellCT06416
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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
Rental property for sale in Cromwell at 4 Lower Heatherwood #4, Cromwell, CT, 06416 offers $1,680/mo rent that, after a $4,796/mo payment. Total monthly income is $1,680/mo. Return on cash invested measures 1.53% in year one, and rental yield stands at 2.06% at a $979,900 entry. Equity gained on principal adds $6,323/yr while 5% annual appreciation compounds into $270,728 by year five. Five-year ROI records 5.07% and total cumulative return in cash reaches $16,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,680/mo property income versus a $4,796/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
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Listed by: Tom R. Evans • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24135853