415 Chamberlain HighwayBerlinCT06037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Berlin at 415 Chamberlain Highway, Berlin, CT, 06037 offers $4,817/mo rent that, after a $2,986/mo payment, leaves $672/mo cash flow. Total monthly income is $4,817/mo, and annual cash flow is $8,064/yr on $200,690 cash. Return on cash invested measures 24.08% in year one, and rental yield stands at 9.48% at a $610,000 entry. Equity gained on principal adds $3,936/yr while 5% annual appreciation compounds into $168,532 by year five. Five-year ROI records 125.97% and total cumulative return in cash reaches $252,799. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,817/mo property income versus a $2,986/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06037, Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,137 (100%) |
| Owner Occupied HU | 6,479 (79.6%) |
| Renter Occupied HU | 1,322 (16.2%) |
| Vacant Housing Units | 336 ( 4.1%) |
| Median Home Value | $398,216 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
7,978
Single Family
7,719
Multi-Family
259
Businesses
921
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MJ Agostini • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114186
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.