42 Greenwood AvenueBloomfieldCT06002
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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 Bloomfield at 42 Greenwood Avenue, Bloomfield, CT, 06002 offers $3,604/mo rent that, after a $1,674/mo payment, leaves $1,280/mo cash flow. Total monthly income is $3,604/mo, and annual cash flow is $15,362/yr on $113,373 cash. Return on cash invested measures 33.46% in year one, and rental yield stands at 12.65% at a $342,000 entry. Equity gained on principal adds $2,207/yr while 5% annual appreciation compounds into $94,488 by year five. Five-year ROI records 176.34% and total cumulative return in cash reaches $199,918. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,604/mo property income versus a $1,674/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,076 (100%) |
| Owner Occupied HU | 6,480 (64.3%) |
| Renter Occupied HU | 2,956 (29.3%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $332,059 |
| Average Home Value | $364,008 |
Housing Distribution
Address Breakdown
Residential
9,811
Single Family
8,117
Multi-Family
1,694
Businesses
1,162
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Listed by: Ismael Cuadros • eRealty Advisors, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24109840
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.