686 West RdSalemCT06420
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 Salem at 686 West Rd, Salem, CT, 06420 offers $3,890/mo rent that, after a $2,320/mo payment, leaves $670/mo cash flow. Total monthly income is $3,890/mo, and annual cash flow is $8,035/yr on $157,098 cash. Return on cash invested measures 25.02% in year one, and rental yield stands at 9.85% at a $473,900 entry. Equity gained on principal adds $3,058/yr while 5% annual appreciation compounds into $130,930 by year five. Five-year ROI records 131.07% and total cumulative return in cash reaches $205,905. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,890/mo property income versus a $2,320/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06420, Salem, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,765 (100%) |
| Owner Occupied HU | 1,453 (82.3%) |
| Renter Occupied HU | 202 (11.4%) |
| Vacant Housing Units | 110 ( 6.2%) |
| Median Home Value | $414,809 |
| Average Home Value | $443,741 |
Housing Distribution
Address Breakdown
Residential
1,787
Single Family
1,739
Multi-Family
48
Businesses
77
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Nearby investment properties with comparable prices
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