64 Scotch Cap Road #106WaterfordCT06375
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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
Investment property for sale in Waterford at 64 Scotch Cap Road #106, Waterford, CT, 06375 listed at $374,900 pairs $3,544/mo rent with a $1,835/mo payment to leave $997/mo cash flow. Total monthly income runs $3,544/mo, and annual cash flow reaches $11,960/yr on $124,279 cash to close. Return on cash invested measures 29.53% in year one, and rental yield registers 11.34% at a $374,900 basis. Equity gained on principal adds $2,419/yr, and annual property appreciation at 5% supports $103,578 by year five. Five-year ROI tracks 155.24% and total cumulative return in cash totals $192,931. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,544/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06375, Quaker Hill, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,529 (100%) |
| Owner Occupied HU | 1,256 (82.1%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 91 ( 6.0%) |
| Median Home Value | $350,348 |
| Average Home Value | $405,239 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
55
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Listed by: THE PEPAS TEAM AT RE/MAX ON THE BAY • RE/MAX on the Bay
Mls Name: Smart MLS
Mls ID: #24109139