49 Canterbury Road APT KPlainfieldCT06374
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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 Plainfield at 49 Canterbury Road APT K, Plainfield, CT, 06374 generates $1,028/mo in rent and, after a $661/mo payment, leaves $111/mo in cash flow. Total monthly income is $1,028/mo, and annual cash flow is $1,326/yr on $44,753 invested. Return on cash invested sits at 22.87% in year one, and rental yield is 9.14% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 119.59% and total cumulative return in cash sums $53,521. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,028/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Kaylyn Pusczynski • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24143186