642 Old Hartford RdColchesterCT06415
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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 Colchester at 642 Old Hartford Rd, Colchester, CT, 06415 offers a 10.09% rental yield on a $356,900 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,747/mo payment leaves $575/mo available for distribution. Annual cash flow reaches $6,899/yr on $118,312 to close, and return on cash invested stands at 25.74% in year one. Equity gained on principal adds $2,303/yr while 5% annual appreciation supports $98,605 over five years. Portfolio math shows five-year ROI at 134.9% and total cumulative return in cash at $159,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,747/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Lauren Robarge • Vylla Home (CT) LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24046230
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