53 Knollwood DriveWolcottCT06716
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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 Wolcott at 53 Knollwood Drive, Wolcott, CT, 06716 offers a 10.4% rental yield on a $269,900 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,321/mo payment leaves $506/mo available for distribution. Annual cash flow reaches $6,074/yr on $89,472 to close, and return on cash invested stands at 26.7% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 140.08% and total cumulative return in cash at $125,334. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
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Listed by: Linda Fercodini Abrm Cips Crs Sres • Fercodini Properties, Inc.
Mls Name: Smart MLS
Mls ID: #24147512