48 Harbor RoadColchesterCT06415
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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 Colchester at 48 Harbor Road, Colchester, CT, 06415 priced at $348,000 pairs $3,166/mo rent with $802/mo cash flow after a $1,703/mo payment. Total monthly income equals $3,166/mo, and annual cash flow comes to $9,622/yr on $115,362 invested. Return on cash invested is 28.25% in year one, and rental yield stands at 10.92% on a $348,000 basis. Equity gained on principal adds $2,246/yr, and 5% annual appreciation accumulates to $96,146 by year five. Five-year ROI measures 148.35% and total cumulative return in cash reaches $171,142. For financing, Ziffy Mortgage’s DSCR program evaluates $3,166/mo property income against a $1,703/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Krystal Delorge • Countryside Realty
Mls Name: Smart MLS
Mls ID: #24107886