47 East Main StreetSalisburyCT06068
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 Salisbury at 47 East Main Street, Salisbury, CT, 06068 priced at $399,999 converts $3,158/mo rent into $440/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,158/mo, and annual cash flow totals $5,280/yr on $132,600 invested. Return on cash invested prints 23.89% in year one, and rental yield reads 9.47% against a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,512 by year five. Five-year ROI reaches 124.98% and total cumulative return in cash sums $165,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,158/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1912
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06068, Salisbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 563 (47.5%) |
| Renter Occupied HU | 209 (17.6%) |
| Vacant Housing Units | 414 (34.9%) |
| Median Home Value | $993,207 |
| Average Home Value | $1,192,420 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
83
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Listed by: Roberta Green • Elyse Harney Real Estate
Mls Name: Smart MLS
Mls ID: #24096776