57 West Main StreetStafford SpringsCT06076
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 Stafford Springs at 57 West Main Street, Stafford Springs, CT, 06076 priced at $239,900 converts $2,210/mo rent into $580/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,210/mo, and annual cash flow totals $6,962/yr on $79,527 invested. Return on cash invested prints 28.66% in year one, and rental yield reads 11.05% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 150.61% and total cumulative return in cash sums $119,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,210/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06076, Stafford Springs, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,574 (100%) |
| Owner Occupied HU | 3,900 (70.0%) |
| Renter Occupied HU | 1,223 (21.9%) |
| Vacant Housing Units | 451 ( 8.1%) |
| Median Home Value | $295,978 |
| Average Home Value | $378,008 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
5,272
Multi-Family
89
Businesses
321
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Listed by: Sacha Armstrong • William Pitt Sotheby's International Realty
Mls Name: Smart MLS
Mls ID: #24145673