68 Colchester AvenueEast HamptonCT06424
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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 East Hampton at 68 Colchester Avenue, East Hampton, CT, 06424 offers a 10.52% rental yield on a $399,000 purchase with $3,498/mo rent. Total monthly income registers $3,498/mo, and a $1,953/mo payment leaves $787/mo available for distribution. Annual cash flow reaches $9,443/yr on $132,269 to close, and return on cash invested stands at 27.05% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 141.9% and total cumulative return in cash at $187,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,498/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06424, East Hampton, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,591 (100%) |
| Owner Occupied HU | 4,342 (77.7%) |
| Renter Occupied HU | 834 (14.9%) |
| Vacant Housing Units | 415 ( 7.4%) |
| Median Home Value | $391,637 |
| Average Home Value | $449,440 |
Housing Distribution
Address Breakdown
Residential
5,345
Single Family
5,213
Multi-Family
132
Businesses
275
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Listed by: Jim A. Harrington • Carl Guild & Associates
Mls Name: Smart MLS
Mls ID: #24147802