482 Lake Avenue #20BristolCT06010
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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
Investment property for sale in Bristol at 482 Lake Avenue #20, Bristol, CT, 06010 offers a 9% rental yield on a $199,900 purchase with $1,499/mo rent. Total monthly income registers $1,499/mo, and a $978/mo payment leaves $141/mo available for distribution. Annual cash flow reaches $1,694/yr on $66,267 to close, and return on cash invested stands at 22.47% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 117.4% and total cumulative return in cash at $77,797. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,499/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06010, Bristol, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,698 (100%) |
| Owner Occupied HU | 16,830 (60.8%) |
| Renter Occupied HU | 9,356 (33.8%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $316,220 |
| Average Home Value | $341,970 |
Housing Distribution
Address Breakdown
Residential
27,024
Single Family
23,987
Multi-Family
3,037
Businesses
1,355
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Listed by: Maria Theam • Tier 1 Real Estate
Mls Name: Smart MLS
Mls ID: #24147710