68 Roode RoadPlainfieldCT06374
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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 Plainfield at 68 Roode Road, Plainfield, CT, 06374 priced at $699,000 converts $2,040/mo rent into after a $3,421/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 5.92% in year one, and rental yield reads 3.5% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 28.61% and total cumulative return in cash sums $65,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Single Family
Built in 1987
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Mary Bohonowicz • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24114272