60 Spruce RoadNorthfordCT06472
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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 Northford at 60 Spruce Road, Northford, CT, 06472 priced at $645,000 pairs $3,240/mo rent with after a $3,157/mo payment. Total monthly income equals $3,240/mo. Return on cash invested is 13.6% in year one, and rental yield stands at 6.03% on a $645,000 basis. Equity gained on principal adds $4,162/yr, and 5% annual appreciation accumulates to $178,202 by year five. Five-year ROI measures 69.78% and total cumulative return in cash reaches $148,072. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $3,157/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1720
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06472, Northford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 2,207 (87.8%) |
| Renter Occupied HU | 229 ( 9.1%) |
| Vacant Housing Units | 79 ( 3.1%) |
| Median Home Value | $420,156 |
| Average Home Value | $460,915 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,418
Multi-Family
0
Businesses
177
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Listed by: Leigh Whiteman • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24134972