63 South StMadisonCT06443
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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 Madison at 63 South St, Madison, CT, 06443 generates $2,075/mo in rent and, after a $857/mo payment, leaves $886/mo in cash flow. Total monthly income is $2,075/mo, and annual cash flow is $10,626/yr on $58,013 invested. Return on cash invested sits at 38.23% in year one, and rental yield is 14.23% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 201.92% and total cumulative return in cash sums $117,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,075/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06443, Madison, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,186 (100%) |
| Owner Occupied HU | 6,139 (75.0%) |
| Renter Occupied HU | 909 (11.1%) |
| Vacant Housing Units | 1,138 (13.9%) |
| Median Home Value | $595,158 |
| Average Home Value | $657,939 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
7,546
Multi-Family
238
Businesses
808
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Listed by: Pro Team at Coldwell Banker Realty • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24004961
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.