420 Thoreau Street #420BranfordCT06405
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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
Investment property for sale in Branford at 420 Thoreau Street #420, Branford, CT, 06405 listed at $310,000 pairs $2,113/mo rent with a $1,517/mo payment to leave $7/mo cash flow. Total monthly income runs $2,113/mo, and annual cash flow reaches $84/yr on $102,765 cash to close. Return on cash invested measures 19.99% in year one, and rental yield registers 8.18% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 104.06% and total cumulative return in cash totals $106,939. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,113/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06405, Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,472 (100%) |
| Owner Occupied HU | 9,240 (63.8%) |
| Renter Occupied HU | 4,157 (28.7%) |
| Vacant Housing Units | 1,075 ( 7.4%) |
| Median Home Value | $485,013 |
| Average Home Value | $561,238 |
Housing Distribution
Address Breakdown
Residential
13,888
Single Family
12,372
Multi-Family
1,516
Businesses
1,642
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Listed by: Scott Santoroski • Bishop, Edward & Roberts, LLC
Mls Name: Smart MLS
Mls ID: #24148042