688 Boston Neck RoadSuffieldCT06078
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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 Suffield at 688 Boston Neck Road, Suffield, CT, 06078 generates $2,950/mo in rent and, after a $1,713/mo payment, leaves $572/mo in cash flow. Total monthly income is $2,950/mo, and annual cash flow is $6,866/yr on $115,992 invested. Return on cash invested sits at 25.83% in year one, and rental yield is 10.12% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 135.41% and total cumulative return in cash sums $157,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,950/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06078, Suffield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,486 (100%) |
| Owner Occupied HU | 3,468 (77.3%) |
| Renter Occupied HU | 802 (17.9%) |
| Vacant Housing Units | 216 ( 4.8%) |
| Median Home Value | $486,273 |
| Average Home Value | $536,331 |
Housing Distribution
Address Breakdown
Residential
4,348
Single Family
4,135
Multi-Family
213
Businesses
346
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Listed by: Chris Colli • Chestnut Oak Associates
Mls Name: Smart MLS
Mls ID: #24108678