68 Woodhouse AvenueNorthfordCT06472
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 Northford at 68 Woodhouse Avenue, Northford, CT, 06472 priced at $449,000 converts $3,322/mo rent into $271/mo cash flow after a $2,198/mo obligation. Total monthly income equals $3,322/mo, and annual cash flow totals $3,251/yr on $148,844 invested. Return on cash invested prints 22.09% in year one, and rental yield reads 8.88% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 115.34% and total cumulative return in cash sums $171,676. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,322/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06472, Northford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 2,207 (87.8%) |
| Renter Occupied HU | 229 ( 9.1%) |
| Vacant Housing Units | 79 ( 3.1%) |
| Median Home Value | $420,156 |
| Average Home Value | $460,915 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,418
Multi-Family
0
Businesses
177
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Nearby investment properties with comparable prices
Listed by: Jules G Etes • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24146112