45 Merrimac DriveTrumbullCT06611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Trumbull at 45 Merrimac Drive, Trumbull, CT, 06611 priced at $582,500 converts $3,991/mo rent into $33/mo cash flow after a $2,851/mo obligation. Total monthly income equals $3,991/mo, and annual cash flow totals $399/yr on $191,643 invested. Return on cash invested prints 20.27% in year one, and rental yield reads 8.22% against a $582,500 entry. Equity gained on principal adds $3,759/yr, while 5% annual appreciation compiles into $160,934 by year five. Five-year ROI reaches 105.55% and total cumulative return in cash sums $202,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,991/mo property income covering a $2,851/mo payment, not borrower’s personal income.
Single Family
Built in 1963
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06611, Trumbull, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,970 (100%) |
| Owner Occupied HU | 11,418 (81.7%) |
| Renter Occupied HU | 1,959 (14.0%) |
| Vacant Housing Units | 593 ( 4.2%) |
| Median Home Value | $538,369 |
| Average Home Value | $606,678 |
Housing Distribution
Address Breakdown
Residential
13,448
Single Family
13,006
Multi-Family
442
Businesses
1,076
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Wright • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096320
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.