50 Forestville AvenuePlainvilleCT06062
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
Investment Highlights
Investment property for sale in Plainville at 50 Forestville Avenue, Plainville, CT, 06062 at $315,000 posts ROI 31.46% with $1,006/mo cash flow from $3,146/mo rent. Total monthly income equals $3,146/mo, and annual cash flow records $12,066/yr on $104,423 to close. Return on cash invested measures 31.46% and rental yield reads 11.98% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 165.61% and total cumulative return in cash totals $172,937.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,146/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1906
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Nearby investment properties with comparable prices
Listed by: Michael Tran • Property Works New England
Mls Name: Smart MLS
Mls ID: #24150637