65 Horse Pond Road APT GSalemCT06420
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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 Salem at 65 Horse Pond Road APT G, Salem, CT, 06420 generates $2,180/mo in rent and, after a $712/mo payment, leaves $736/mo in cash flow. Total monthly income is $2,180/mo, and annual cash flow is $8,826/yr on $48,233 invested. Return on cash invested sits at 38.21% in year one, and rental yield is 17.98% on a $145,500 entry. Equity gained on principal adds $939/yr, while 5% annual appreciation builds toward $40,199 over five years. Five-year ROI reaches 205.92% and total cumulative return in cash sums $99,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,180/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$456 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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Listed by: Suzanne Szupiany • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24108013
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.