53 Main StreetSomersCT06071
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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 Somers at 53 Main Street, Somers, CT, 06071 priced at $300,000 pairs $2,405/mo rent with $367/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,405/mo, and annual cash flow comes to $4,404/yr on $99,450 invested. Return on cash invested is 24.34% in year one, and rental yield stands at 9.62% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 127.36% and total cumulative return in cash reaches $126,660. For financing, Ziffy Mortgage’s DSCR program evaluates $2,405/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1765
2.21 Acres lot
$N/A/sqft
No HOA
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Listed by: Nick R. Gelfand • NRG Real Estate Services, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091702
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