448 Grove Beach Road NorthWestbrookCT06498
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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 Westbrook at 448 Grove Beach Road North, Westbrook, CT, 06498 priced at $1,300,000 pairs $5,700/mo rent with after a $6,363/mo payment. Total monthly income equals $5,700/mo. Return on cash invested is 11.44% in year one, and rental yield stands at 5.26% on a $1,300,000 basis. Equity gained on principal adds $8,389/yr, and 5% annual appreciation accumulates to $359,166 by year five. Five-year ROI measures 58.16% and total cumulative return in cash reaches $244,959. For financing, Ziffy Mortgage’s DSCR program evaluates $5,700/mo property income against a $6,363/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1745
3.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06498, Westbrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,096 (100%) |
| Owner Occupied HU | 2,427 (59.3%) |
| Renter Occupied HU | 681 (16.6%) |
| Vacant Housing Units | 988 (24.1%) |
| Median Home Value | $556,877 |
| Average Home Value | $682,440 |
Housing Distribution
Address Breakdown
Residential
3,570
Single Family
3,538
Multi-Family
32
Businesses
347
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Nearby investment properties with comparable prices
Listed by: Al Chiarito • Chiarito Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24107477