57 BAILEY RoadEast HaddamCT06423
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 East Haddam at 57 BAILEY Road, East Haddam, CT, 06423 generates $2,953/mo in rent, after a $2,178/mo payment. Total monthly income is $2,953/mo. Return on cash invested sits at 19.34% in year one, and rental yield is 7.96% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 100.57% and total cumulative return in cash sums $148,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,953/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06423, East Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,780 (76.6%) |
| Renter Occupied HU | 203 ( 8.7%) |
| Vacant Housing Units | 341 (14.7%) |
| Median Home Value | $468,990 |
| Average Home Value | $574,756 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
107
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Limmy Evans • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24115616