53 Boyer StreetBerlinCT06037
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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 Berlin at 53 Boyer Street, Berlin, CT, 06037 priced at $344,900 converts $3,000/mo rent into $657/mo cash flow after a $1,688/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $7,880/yr on $114,334 invested. Return on cash invested prints 26.8% in year one, and rental yield reads 10.44% against a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,290 by year five. Five-year ROI reaches 140.61% and total cumulative return in cash sums $160,761. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,688/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.51 Acres 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: Frank Fonteyn • Prestige Realty Group
Mls Name: Smart MLS
Mls ID: #24143446