5 Worthington LaneBerlinCT06037
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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 Berlin at 5 Worthington Lane, Berlin, CT, 06037 offers a 8.34% rental yield on a $263,500 purchase with $1,831/mo rent. Total monthly income registers $1,831/mo, and a $1,290/mo payment leaves $40/mo available for distribution. Annual cash flow reaches $484/yr on $87,350 to close, and return on cash invested stands at 20.46% in year one. Equity gained on principal adds $1,700/yr while 5% annual appreciation supports $72,800 over five years. Portfolio math shows five-year ROI at 106.63% and total cumulative return in cash at $93,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,831/mo property income against a $1,290/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06037, Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,137 (100%) |
| Owner Occupied HU | 6,479 (79.6%) |
| Renter Occupied HU | 1,322 (16.2%) |
| Vacant Housing Units | 336 ( 4.1%) |
| Median Home Value | $398,216 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
7,978
Single Family
7,719
Multi-Family
259
Businesses
921
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Listed by: Sacha Armstrong • William Pitt Sotheby's International Realty
Mls Name: Smart MLS
Mls ID: #24142262