50 Richmond Road #10PutnamCT06260
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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 Putnam at 50 Richmond Road #10, Putnam, CT, 06260 offers a 8.33% rental yield on a $360,000 purchase with $2,500/mo rent. Total monthly income registers $2,500/mo, and a $1,762/mo payment leaves $54/mo available for distribution. Annual cash flow reaches $648/yr on $119,340 to close, and return on cash invested stands at 20.45% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 106.54% and total cumulative return in cash at $127,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,500/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06260, Putnam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 2,523 (57.6%) |
| Renter Occupied HU | 1,600 (36.5%) |
| Vacant Housing Units | 260 ( 5.9%) |
| Median Home Value | $300,290 |
| Average Home Value | $409,670 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
3,899
Multi-Family
299
Businesses
489
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Listed by: Cary A. Marcoux • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24147558