584 Park Avenue, Bloomfield, CT, 06002 | $32/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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584 Park Avenue, Bloomfield, CT, 06002 | $32/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield at 584 Park Avenue, Bloomfield, CT, 06002 with 5% annual appreciation on a $324,900 basis while $2,239/mo rent supports operations. Total monthly income totals $2,239/mo and a $1,590/mo payment preserves $32/mo for cash returns. Annual cash flow comes to $380/yr on $107,704 deployed, and return on cash invested reaches 20.26% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,764 alongside rental yield of 8.27%. Five-year ROI measures 105.52% and total cumulative return in cash totals $113,645.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,239/mo property income versus a $1,590/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1963

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! One Level Living at its Best. This spacious 3-Bedroom, 1.5 Bath Ranch offers so much value and charm - and it's completely move-in ready! Step inside to a bright, open living/family room with cathedral ceilings, beautiful hardwood floors, and large windows that flood the space with natural light. The wood stove adds cozy warmth, capable of heating the entire home. The houseis also equipped with a split CAIR unit, that cools and heats up the house. The kitchen opens to a comfortable sitting area with a slider leading to the backyard. A generous dining room with another slider to the backyard makes entertaining easy and enjoyable. You'll find three spacious bedrooms with ample closet space, including a primary suite with a walk-in closet and private bath. A full hallway bath completes the main level. The HUGE full basement offers endless potential - finish it for extra living space or keep it open for all the storage you could ever need.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06002, Bloomfield, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,076 (100%)
Owner Occupied HU	6,480 (64.3%)
Renter Occupied HU	2,956 (29.3%)
Vacant Housing Units	640 ( 6.4%)
Median Home Value	$332,059
Average Home Value	$364,008