440 Platt Hill RoadWinstedCT06098
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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 Winsted at 440 Platt Hill Road, Winsted, CT, 06098 priced at $500,000 converts $4,862/mo rent into $1,465/mo cash flow after a $2,447/mo obligation. Total monthly income equals $4,862/mo, and annual cash flow totals $17,580/yr on $165,750 invested. Return on cash invested prints 30.52% in year one, and rental yield reads 11.67% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 160.5% and total cumulative return in cash sums $266,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,862/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1917
9.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06098, Winsted, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,484 (100%) |
| Owner Occupied HU | 2,978 (54.3%) |
| Renter Occupied HU | 1,763 (32.1%) |
| Vacant Housing Units | 743 (13.5%) |
| Median Home Value | $284,893 |
| Average Home Value | $365,792 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,459
Multi-Family
362
Businesses
397
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Listed by: David D'Amore • Northwest CT Realty
Mls Name: Smart MLS
Mls ID: #24132598