4 Phillips StreetPlainfieldCT06374
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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 Plainfield at 4 Phillips Street, Plainfield, CT, 06374 with 5% annual appreciation on a $269,900 basis while $1,753/mo rent supports operations. 83% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 7.79%. Five-year ROI measures 97.87% and total cumulative return in cash totals $87,570. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,753/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Irene Adams • Signature Properties of NewEng
Mls Name: Smart MLS
Mls ID: #24118648