4 Park Avenue #1WolcottCT06716
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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 Wolcott at 4 Park Avenue #1, Wolcott, CT, 06716 with 5% annual appreciation on a $212,000 basis while $2,179/mo rent supports operations. Total monthly income totals $2,179/mo and a $1,038/mo payment preserves $501/mo for cash returns. Annual cash flow comes to $6,007/yr on $70,278 deployed, and return on cash invested reaches 28.46% in year one. Equity gained on principal adds $1,368/yr, and five-year appreciation sums $58,572 alongside rental yield of 12.33%. Five-year ROI measures 150.95% and total cumulative return in cash totals $106,087.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,179/mo property income versus a $1,038/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2007
N/A lot
$N/A/sqft
$235 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
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Listed by: Bridget J. Barrieau • Barrieau Realty Signature Prop
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24130186
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.