471 East Mitchell Avenue #471CheshireCT06410
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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 Cheshire at 471 East Mitchell Avenue #471, Cheshire, CT, 06410 generates $1,365/mo in rent and, after a $857/mo payment, leaves $176/mo in cash flow. Total monthly income is $1,365/mo, and annual cash flow is $2,106/yr on $58,013 invested. Return on cash invested sits at 23.54% in year one, and rental yield is 9.36% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 123.13% and total cumulative return in cash sums $71,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,365/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Peter Onofrio • LAER Realty Partners
Mls Name: Smart MLS
Mls ID: #24125180