566 Farmington AveBerlinCT06037
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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 Berlin at 566 Farmington Ave, Berlin, CT, 06037 at $425,000 posts ROI 14.68% with from $2,274/mo rent. Total monthly income equals $2,274/mo. Return on cash invested measures 14.68% and rental yield reads 6.42% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 75.62% and total cumulative return in cash totals $106,541. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,274/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06037, Berlin, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,137 (100%) |
| Owner Occupied HU | 6,479 (79.6%) |
| Renter Occupied HU | 1,322 (16.2%) |
| Vacant Housing Units | 336 ( 4.1%) |
| Median Home Value | $398,216 |
| Average Home Value | $434,446 |
Housing Distribution
Address Breakdown
Residential
7,978
Single Family
7,719
Multi-Family
259
Businesses
921
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Listed by: Michelle Lorenzetti • Premier Re Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085861
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.