7 Granite Court #7ColchesterCT06415
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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 Colchester at 7 Granite Court #7, Colchester, CT, 06415 priced at $566,000 converts $1,800/mo rent into after a $2,770/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 5.01% in year one, and rental yield reads 3.82% against a $566,000 entry. Equity gained on principal adds $3,652/yr, while 5% annual appreciation compiles into $156,375 by year five. Five-year ROI reaches 24.4% and total cumulative return in cash sums $45,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $2,770/mo payment, not borrower’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Dawn Caso • Williams Realty Services
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103889
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.