55 Evergreen RdCromwellCT06416
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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 Cromwell at 55 Evergreen Rd, Cromwell, CT, 06416 uses $172,725 cash to close to unlock $7,578/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $4,199/mo, and a $2,570/mo payment keeps the spread at $632/mo. Purchase price stands at $525,000, and rental yield measures 9.6% with $4,199/mo rent. Return on cash invested shows 24.45% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 127.96% and total cumulative return in cash records $221,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,199/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
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