404 The Mews #404Rocky HillCT06067
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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 Rocky Hill at 404 The Mews #404, Rocky Hill, CT, 06067 generates $2,914/mo in rent and, after a $1,762/mo payment, leaves $468/mo in cash flow. Total monthly income is $2,914/mo, and annual cash flow is $5,618/yr on $119,307 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 9.72% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 128.93% and total cumulative return in cash sums $153,818. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,914/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06067, Rocky Hill, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,421 (100%) |
| Owner Occupied HU | 5,834 (61.9%) |
| Renter Occupied HU | 3,084 (32.7%) |
| Vacant Housing Units | 503 ( 5.3%) |
| Median Home Value | $387,198 |
| Average Home Value | $408,224 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
7,342
Multi-Family
1,683
Businesses
1,012
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Listed by: Richard Nwadukwe • Eagles Agency Services, LLC
Mls Name: Smart MLS
Mls ID: #24100635