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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Plainfield at 4 Railroad Ave, Plainfield, CT, 06374 priced at $359,900 converts $2,265/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,265/mo. Return on cash invested prints 18.09% in year one, and rental yield reads 7.55% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 93.9% and total cumulative return in cash sums $112,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,265/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
| 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 |
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
Date | Event | Price |
|---|---|---|
| 2020-06-19 | Sold | $230,000 |
| 2020-05-13 | Pending sale | $226,900 |
| 2020-05-10 | Listed for sale | $226,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $4517.00 | 0.49% | $202,290 | N/A |
| 2023-04-03 | $4495.00 | -24.28% | $202,290 | 2.00% |
| 2022-04-03 | $5936.00 | 47.22% | $198,320 | 48.20% |
What's Special
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Listed by: Tina Luft • Kazantzis Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24084319
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.
