48 Saddle RoadWolcottCT06716
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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 Wolcott at 48 Saddle Road, Wolcott, CT, 06716 priced at $489,000 converts $2,340/mo rent into after a $2,393/mo obligation. Total monthly income equals $2,340/mo. Return on cash invested prints 12.64% in year one, and rental yield reads 5.74% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 64.64% and total cumulative return in cash sums $104,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
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Listed by: J.R. Donorfio JR • Fercodini Properties, Inc.
Mls Name: Smart MLS
Mls ID: #24142941