5 Quarry LanePortlandCT06480
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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
Investment Highlights
Rental property for sale in Portland at 5 Quarry Lane, Portland, CT, 06480 priced at $349,000 pairs $3,016/mo rent with $645/mo cash flow after a $1,708/mo payment. Total monthly income equals $3,016/mo, and annual cash flow comes to $7,739/yr on $115,694 invested. Return on cash invested is 26.6% in year one, and rental yield stands at 10.37% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 139.51% and total cumulative return in cash reaches $161,400. For financing, Ziffy Mortgage’s DSCR program evaluates $3,016/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1800
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06480, Portland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,354 (100%) |
| Owner Occupied HU | 3,139 (72.1%) |
| Renter Occupied HU | 785 (18.0%) |
| Vacant Housing Units | 430 ( 9.9%) |
| Median Home Value | $416,215 |
| Average Home Value | $496,894 |
Housing Distribution
Address Breakdown
Residential
3,933
Single Family
3,879
Multi-Family
54
Businesses
353
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Listed by: Brenda Hanley • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24110451