50 Cedar StreetMiddletownCT06457
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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 Middletown at 50 Cedar Street, Middletown, CT, 06457 offers $2,339/mo rent that, after a $1,859/mo payment. Total monthly income is $2,339/mo. Return on cash invested measures 17.6% in year one, and rental yield stands at 7.39% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 91.31% and total cumulative return in cash reaches $114,989. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,339/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Michelle Mazzotta • eXp Realty
Mls Name: Smart MLS
Mls ID: #24149338