55 Center StreetWolcottCT06716
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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 Wolcott at 55 Center Street, Wolcott, CT, 06716 generates $5,147/mo in rent and, after a $2,643/mo payment, leaves $1,478/mo in cash flow. Total monthly income is $5,147/mo, and annual cash flow is $17,736/yr on $177,660 invested. Return on cash invested sits at 30.04% in year one, and rental yield is 11.44% on a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 157.95% and total cumulative return in cash sums $280,610. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,147/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
1.44 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: Gene Fercodini, Abr,E-Pro,Gri • Fercodini Properties, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113987
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.