5 Chestnut Court #5CromwellCT06416
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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 Cromwell at 5 Chestnut Court #5, Cromwell, CT, 06416 offers a 8.24% rental yield on a $239,900 purchase with $1,647/mo rent. Total monthly income registers $1,647/mo, and a $1,174/mo payment leaves $17/mo available for distribution. Annual cash flow reaches $206/yr on $79,527 to close, and return on cash invested stands at 20.17% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 105.08% and total cumulative return in cash at $83,563. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,647/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
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Listed by: Kerry L. Hart • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24141293