53 Shuttlemeadow RdPlainvilleCT06062
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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 Plainville at 53 Shuttlemeadow Rd, Plainville, CT, 06062 priced at $275,000 converts $2,514/mo rent into $646/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,514/mo, and annual cash flow totals $7,746/yr on $91,163 invested. Return on cash invested prints 28.41% in year one, and rental yield reads 10.97% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 149.22% and total cumulative return in cash sums $136,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.31 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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Listed by: Amy M. Casey • Gateway Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083239
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.