62 Chatham LaneBristolCT06010
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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 Bristol at 62 Chatham Lane, Bristol, CT, 06010 priced at $312,000 pairs $2,774/mo rent with $654/mo cash flow after a $1,527/mo payment. Total monthly income equals $2,774/mo, and annual cash flow comes to $7,850/yr on $103,428 invested. Return on cash invested is 27.5% in year one, and rental yield stands at 10.67% on a $312,000 basis. Equity gained on principal adds $2,013/yr, and 5% annual appreciation accumulates to $86,200 by year five. Five-year ROI measures 144.38% and total cumulative return in cash reaches $149,327. For financing, Ziffy Mortgage’s DSCR program evaluates $2,774/mo property income against a $1,527/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06010, Bristol, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,698 (100%) |
| Owner Occupied HU | 16,830 (60.8%) |
| Renter Occupied HU | 9,356 (33.8%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $316,220 |
| Average Home Value | $341,970 |
Housing Distribution
Address Breakdown
Residential
27,024
Single Family
23,987
Multi-Family
3,037
Businesses
1,355
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Listed by: Diane Kendrick • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24131350