40 Rome AvenueMiddletownCT06457
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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 Middletown at 40 Rome Avenue, Middletown, CT, 06457 priced at $375,000 converts $1,949/mo rent into after a $1,835/mo obligation. Total monthly income equals $1,949/mo. Return on cash invested prints 14.13% in year one, and rental yield reads 6.24% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 72.67% and total cumulative return in cash sums $90,339. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,949/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Jithu Sajeevan • Serhant Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24139859