63 Main StEast HaddamCT06423
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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 East Haddam at 63 Main St, East Haddam, CT, 06423 offers $4,333/mo rent that, after a $6,828/mo payment. Total monthly income is $4,333/mo. Return on cash invested measures 6.71% in year one, and rental yield stands at 3.73% at a $1,395,000 entry. Equity gained on principal adds $9,002/yr while 5% annual appreciation compounds into $385,413 by year five. Five-year ROI records 32.77% and total cumulative return in cash reaches $148,126. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,333/mo property income versus a $6,828/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06423, East Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,780 (76.6%) |
| Renter Occupied HU | 203 ( 8.7%) |
| Vacant Housing Units | 341 (14.7%) |
| Median Home Value | $468,990 |
| Average Home Value | $574,756 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
2,031
Multi-Family
0
Businesses
107
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Listed by: Lisa T. Golebiewski • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089793
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.