58 Cedar TerracePortlandCT06480
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
Investment property for sale in Portland at 58 Cedar Terrace, Portland, CT, 06480 offers a 11.82% rental yield on a $415,000 purchase with $4,088/mo rent. Total monthly income registers $4,088/mo, and a $2,031/mo payment leaves $1,233/mo available for distribution. Annual cash flow reaches $14,790/yr on $137,573 to close, and return on cash invested stands at 30.66% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 161.4% and total cumulative return in cash at $222,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,088/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06480, Portland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,354 (100%) |
| Owner Occupied HU | 3,139 (72.1%) |
| Renter Occupied HU | 785 (18.0%) |
| Vacant Housing Units | 430 ( 9.9%) |
| Median Home Value | $416,215 |
| Average Home Value | $496,894 |
Housing Distribution
Address Breakdown
Residential
3,933
Single Family
3,879
Multi-Family
54
Businesses
353
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Windy Panyanouvong Collin • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131796
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.