68 Colchester CommonsColchesterCT06415
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
Investment Highlights
Rental property for sale in Colchester at 68 Colchester Commons, Colchester, CT, 06415 offers $2,543/mo rent that, after a $1,390/mo payment, leaves $613/mo cash flow. Total monthly income is $2,543/mo, and annual cash flow is $7,361/yr on $94,146 cash. Return on cash invested measures 27.73% in year one, and rental yield stands at 10.75% at a $284,000 entry. Equity gained on principal adds $1,833/yr while 5% annual appreciation compounds into $78,464 by year five. Five-year ROI records 145.58% and total cumulative return in cash reaches $137,057. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,543/mo property income versus a $1,390/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
N/A 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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Nearby investment properties with comparable prices
Listed by: Linda Martin • Carl Guild & Associates
Mls Name: Smart MLS
Mls ID: #24138782