48 Colchester AvenueEast HamptonCT06424
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 East Hampton at 48 Colchester Avenue, East Hampton, CT, 06424 offers $1,932/mo rent that, after a $1,370/mo payment, leaves $30/mo cash flow. Total monthly income is $1,932/mo, and annual cash flow is $360/yr on $92,820 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 8.28% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 105.71% and total cumulative return in cash reaches $98,121. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,932/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06424, East Hampton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,591 (100%) |
| Owner Occupied HU | 4,342 (77.7%) |
| Renter Occupied HU | 834 (14.9%) |
| Vacant Housing Units | 415 ( 7.4%) |
| Median Home Value | $391,637 |
| Average Home Value | $449,440 |
Housing Distribution
Address Breakdown
Residential
5,345
Single Family
5,213
Multi-Family
132
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frederick Ferguson • Carl Guild & Associates
Mls Name: Smart MLS
Mls ID: #24127765