491 Boston Neck RoadSuffieldCT06078
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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 Suffield at 491 Boston Neck Road, Suffield, CT, 06078 priced at $389,900 converts $4,064/mo rent into $1,415/mo cash flow after a $1,908/mo obligation. Total monthly income equals $4,064/mo, and annual cash flow totals $16,982/yr on $129,252 invested. Return on cash invested prints 33.05% in year one, and rental yield reads 12.51% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 174.12% and total cumulative return in cash sums $225,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,064/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06078, Suffield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,468 (77.3%) |
| Renter Occupied HU | 802 (17.9%) |
| Vacant Housing Units | 216 ( 4.8%) |
| Median Home Value | $486,273 |
| Average Home Value | $536,331 |
Housing Distribution
Address Breakdown
Residential
4,348
Single Family
4,135
Multi-Family
213
Businesses
346
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Listed by: Scott D. Sasinouski • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.