7 Fern AveWolcottCT06716
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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 Wolcott at 7 Fern Ave, Wolcott, CT, 06716 priced at $250,700 pairs $1,909/mo rent with $206/mo cash flow after a $1,227/mo payment. Total monthly income equals $1,909/mo, and annual cash flow comes to $2,468/yr on $83,107 invested. Return on cash invested is 22.88% in year one, and rental yield stands at 9.14% on a $250,700 basis. Equity gained on principal adds $1,618/yr, and 5% annual appreciation accumulates to $69,264 by year five. Five-year ROI measures 119.59% and total cumulative return in cash reaches $99,386. For financing, Ziffy Mortgage’s DSCR program evaluates $1,909/mo property income against a $1,227/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
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Listed by: Shari Jones • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087325
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.