45 Main Street APT 409PlainfieldCT06374
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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 Plainfield at 45 Main Street APT 409, Plainfield, CT, 06374 offers a 15.44% rental yield on a $221,000 purchase with $2,843/mo rent. Total monthly income registers $2,843/mo, and a $1,082/mo payment leaves $991/mo available for distribution. Annual cash flow reaches $11,893/yr on $73,262 to close, and return on cash invested stands at 36.14% in year one. Equity gained on principal adds $1,426/yr while 5% annual appreciation supports $61,058 over five years. Portfolio math shows five-year ROI at 192.82% and total cumulative return in cash at $141,265. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,843/mo property income against a $1,082/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Ryan D. Smith • Tier 1 Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092844
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.