65 Main Street #24EssexCT06426
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 65 Main Street #24, Essex, CT, 06426 in Essex achieves a 1.82 ratio at $419,900: $3,433/mo rent versus $1,888/mo debt service. Rental yield 9.81%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.81% yield compounds alongside 5% annual appreciation projecting $116,011 in value. Total projected cumulative return: $197,692.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.0% |
| Monthly Cash Flow | $(10) | $500 |
City averages based on Essex market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,433 |
| Total Monthly Debt Service | $2,686 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24163574