55 Mechanics StreetPutnamCT06260
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Putnam at 55 Mechanics Street, Putnam, CT, 06260 priced at $459,000 converts $3,540/mo rent into $421/mo cash flow after a $2,247/mo obligation. Total monthly income equals $3,540/mo, and annual cash flow totals $5,051/yr on $152,159 invested. Return on cash invested prints 23.23% in year one, and rental yield reads 9.25% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 121.43% and total cumulative return in cash sums $184,763. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,540/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1922
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06260, Putnam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 2,523 (57.6%) |
| Renter Occupied HU | 1,600 (36.5%) |
| Vacant Housing Units | 260 ( 5.9%) |
| Median Home Value | $300,290 |
| Average Home Value | $409,670 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
3,899
Multi-Family
299
Businesses
489
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa M. Therecka • Therecka & Associates LLC
Mls Name: Smart MLS
Mls ID: #24149833