6 Rocky Cove LaneWest CornwallCT06796
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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 West Cornwall at 6 Rocky Cove Lane, West Cornwall, CT, 06796 offers $2,537/mo rent that, after a $1,933/mo payment. Total monthly income is $2,537/mo. Return on cash invested measures 18.57% in year one, and rental yield stands at 7.71% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 96.45% and total cumulative return in cash reaches $126,294. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,537/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06796, West Cornwall, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 724 (100%) |
| Owner Occupied HU | 453 (62.6%) |
| Renter Occupied HU | 81 (11.2%) |
| Vacant Housing Units | 190 (26.2%) |
| Median Home Value | $745,427 |
| Average Home Value | $882,787 |
Housing Distribution
Address Breakdown
Residential
460
Single Family
460
Multi-Family
0
Businesses
46
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Nearby investment properties with comparable prices
Listed by: David Hurlburt • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24106602