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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Waterford at 54 Rope Ferry Rd UNIT A10, Waterford, CT, 06385 offers $3,000/mo rent that, after a $1,468/mo payment, leaves $643/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $7,716/yr on $99,450 cash. Return on cash invested measures 27.67% in year one, and rental yield stands at 12% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 146.63% and total cumulative return in cash reaches $145,824. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
N/A lot
$N/A/sqft
$319 monthly HOA
Date | Event | Price |
|---|---|---|
| 2024-09-22 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2478.00 | -16.14% | $116,910 | 9.04% |
| 2022-10-15 | $2955.00 | -0.30% | $107,220 | N/A |
| 2021-10-15 | $2964.00 | -0.80% | $107,220 | N/A |
What's Special
Storage,Finished,Floored,Walk-up
Listed by: Bowes Team at Re/Max on the Bay • RE/MAX on the Bay
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24035804
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