42 Pierce RdPrestonCT06365
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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 Preston at 42 Pierce Rd, Preston, CT, 06365 offers $795/mo rent that, after a $514/mo payment. Total monthly income is $795/mo. Return on cash invested measures 15.82% in year one, and rental yield stands at 9.09% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 84.3% and total cumulative return in cash reaches $29,342. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $795/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
4,356 sqft lot
$N/A/sqft
$600 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06365, Preston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,113 (100%) |
| Owner Occupied HU | 1,708 (80.8%) |
| Renter Occupied HU | 278 (13.2%) |
| Vacant Housing Units | 127 ( 6.0%) |
| Median Home Value | $380,395 |
| Average Home Value | $483,567 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,991
Multi-Family
40
Businesses
65
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Listed by: Laurie Hayes-Hagstrom • On The Move Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092211
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.