612 Lake DriveGuilfordCT06437
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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 Guilford at 612 Lake Drive, Guilford, CT, 06437 priced at $553,000 converts $3,480/mo rent into after a $2,707/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 18.23% in year one, and rental yield reads 7.55% against a $553,000 entry. Equity gained on principal adds $3,568/yr, while 5% annual appreciation compiles into $152,784 by year five. Five-year ROI reaches 94.61% and total cumulative return in cash sums $172,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $2,707/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06437, Guilford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,679 (100%) |
| Owner Occupied HU | 7,587 (78.4%) |
| Renter Occupied HU | 1,276 (13.2%) |
| Vacant Housing Units | 816 ( 8.4%) |
| Median Home Value | $566,268 |
| Average Home Value | $620,913 |
Housing Distribution
Address Breakdown
Residential
9,388
Single Family
9,159
Multi-Family
229
Businesses
989
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Listed by: Ariel R. Tortora • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24116673