5 Parker TerraceEssexCT06426
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 5 Parker Terrace, Essex, CT, 06426 in Essex worth study. Rental yield 3.41%. The 3.41% gross yield is below cash-flow benchmarks at $1,150,000, but 5% annual appreciation, adding $317,724 over five years, frames this as a capital growth position. Rent of $3,270/mo partially offsets the $5,171/mo payment. Ziffy Mortgage finances appreciation-play properties (0.63 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $146,690.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 6.0% |
| Monthly Cash Flow | $(4,544) | $500 |
City averages based on Essex market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,270 |
| Total Monthly Debt Service | $7,356 |
| DSCR Ratio | 0.44x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Caulfield • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24126295