646 Totoket RoadNorthfordCT06472
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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 Northford at 646 Totoket Road, Northford, CT, 06472 offers a 11.24% rental yield on a $396,000 purchase with $3,709/mo rent. Total monthly income registers $3,709/mo, and a $1,938/mo payment leaves $1,019/mo available for distribution. Annual cash flow reaches $12,223/yr on $131,274 to close, and return on cash invested stands at 29.22% in year one. Equity gained on principal adds $2,555/yr while 5% annual appreciation supports $109,408 over five years. Portfolio math shows five-year ROI at 153.57% and total cumulative return in cash at $201,596. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,709/mo property income against a $1,938/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06472, Northford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 2,207 (87.8%) |
| Renter Occupied HU | 229 ( 9.1%) |
| Vacant Housing Units | 79 ( 3.1%) |
| Median Home Value | $420,156 |
| Average Home Value | $460,915 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,418
Multi-Family
0
Businesses
177
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Listed by: Roberta Havlick • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104413
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.