7 Harbour Village #ABranfordCT06405
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
Investment property for sale in Branford at 7 Harbour Village #A, Branford, CT, 06405 uses $114,368 cash to close to unlock $7,842/yr annual cash flow and $654/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,689/mo payment keeps the spread at $654/mo. Purchase price stands at $345,000, and rental yield measures 10.43% with $2,998/mo rent. Return on cash invested shows 26.77% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 140.42% and total cumulative return in cash records $160,600. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06405, Branford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,472 (100%) |
| Owner Occupied HU | 9,240 (63.8%) |
| Renter Occupied HU | 4,157 (28.7%) |
| Vacant Housing Units | 1,075 ( 7.4%) |
| Median Home Value | $485,013 |
| Average Home Value | $561,238 |
Housing Distribution
Address Breakdown
Residential
13,888
Single Family
12,372
Multi-Family
1,516
Businesses
1,642
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heike Severine • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24148534