424 Bridge StreetSuffieldCT06078
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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 Suffield at 424 Bridge Street, Suffield, CT, 06078 offers $2,962/mo rent that, after a $2,440/mo payment. Total monthly income is $2,962/mo. Return on cash invested measures 16.82% in year one, and rental yield stands at 7.13% at a $498,500 entry. Equity gained on principal adds $3,217/yr while 5% annual appreciation compounds into $137,726 by year five. Five-year ROI records 87.08% and total cumulative return in cash reaches $143,897. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,962/mo property income versus a $2,440/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06078, Suffield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,468 (77.3%) |
| Renter Occupied HU | 802 (17.9%) |
| Vacant Housing Units | 216 ( 4.8%) |
| Median Home Value | $486,273 |
| Average Home Value | $536,331 |
Housing Distribution
Address Breakdown
Residential
4,348
Single Family
4,135
Multi-Family
213
Businesses
346
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Listed by: Jonathan McPartland • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24140680