69 Northwest Dr APT 49PlainvilleCT06062
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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 Plainville at 69 Northwest Dr APT 49, Plainville, CT, 06062 priced at $249,900 converts $2,368/mo rent into $385/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,368/mo, and annual cash flow totals $4,622/yr on $82,842 invested. Return on cash invested prints 25.49% in year one, and rental yield reads 11.37% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 135.09% and total cumulative return in cash sums $111,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,368/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Nawaz Shaikh • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24086292
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.