58 Matilda DriveBristolCT06010
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 Bristol at 58 Matilda Drive, Bristol, CT, 06010 priced at $319,000 converts $2,543/mo rent into $376/mo cash flow after a $1,561/mo obligation. Total monthly income equals $2,543/mo, and annual cash flow totals $4,511/yr on $105,749 invested. Return on cash invested prints 24.17% in year one, and rental yield reads 9.57% against a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,134 by year five. Five-year ROI reaches 126.49% and total cumulative return in cash sums $133,765. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,543/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Single Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06010, Bristol, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,698 (100%) |
| Owner Occupied HU | 16,830 (60.8%) |
| Renter Occupied HU | 9,356 (33.8%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $316,220 |
| Average Home Value | $341,970 |
Housing Distribution
Address Breakdown
Residential
27,024
Single Family
23,987
Multi-Family
3,037
Businesses
1,355
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Listed by: Tommy Connors • Redfin Corporation
Mls Name: Smart MLS
Mls ID: #24147198