59 Westfield TerraceMiddletownCT06457
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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
Investment Highlights
Investment property for sale in Middletown at 59 Westfield Terrace, Middletown, CT, 06457 offers a 10.98% rental yield on a $324,999 purchase with $2,974/mo rent. Total monthly income registers $2,974/mo, and a $1,591/mo payment leaves $766/mo available for distribution. Annual cash flow reaches $9,186/yr on $107,737 to close, and return on cash invested stands at 28.44% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,791 over five years. Portfolio math shows five-year ROI at 149.38% and total cumulative return in cash at $160,933. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,974/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Dio J. Espinal Coste • eRealty Advisors, Inc.
Mls Name: Smart MLS
Mls ID: #24142658