61 Perry Street #101PutnamCT06260
Nearby investment properties with comparable rents
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
Investment property for sale in Putnam at 61 Perry Street #101, Putnam, CT, 06260 uses $72,930 cash to close to unlock $6,661/yr annual cash flow and $555/mo monthly cash flow. Total monthly income runs $2,539/mo, and a $1,077/mo payment keeps the spread at $555/mo. Purchase price stands at $220,000, and rental yield measures 13.85% with $2,539/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 155.61% and total cumulative return in cash records $113,483. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,539/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$336 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06260, Putnam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 2,523 (57.6%) |
| Renter Occupied HU | 1,600 (36.5%) |
| Vacant Housing Units | 260 ( 5.9%) |
| Median Home Value | $300,290 |
| Average Home Value | $409,670 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
3,899
Multi-Family
299
Businesses
489
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Lajoie • Johnston & Associates Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113431
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.