60 Palmer RdBranfordCT06405
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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
Rental property for sale in Branford at 60 Palmer Rd, Branford, CT, 06405 priced at $489,000 converts $3,798/mo rent into $476/mo cash flow after a $2,393/mo obligation. Total monthly income equals $3,798/mo, and annual cash flow totals $5,711/yr on $162,104 invested. Return on cash invested prints 23.43% in year one, and rental yield reads 9.32% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 122.52% and total cumulative return in cash sums $198,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,798/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06405, Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,472 (100%) |
| Owner Occupied HU | 9,240 (63.8%) |
| Renter Occupied HU | 4,157 (28.7%) |
| Vacant Housing Units | 1,075 ( 7.4%) |
| Median Home Value | $485,013 |
| Average Home Value | $561,238 |
Housing Distribution
Address Breakdown
Residential
13,888
Single Family
12,372
Multi-Family
1,516
Businesses
1,642
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Listed by: TEAM TEN HOMES AT WILLIAM RAVEIS • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098276
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.