55 Witch Meadow RoadSalemCT06420
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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 Salem at 55 Witch Meadow Road, Salem, CT, 06420 generates $4,103/mo in rent and, after a $2,691/mo payment, leaves $367/mo in cash flow. Total monthly income is $4,103/mo, and annual cash flow is $4,406/yr on $180,917 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.95% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 117.5% and total cumulative return in cash sums $212,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,103/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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Listed by: Sheena Ruggirello • Real Broker CT, LLC
Mls Name: Smart MLS
Mls ID: #24112394