7 Harvard RoadGales FerryCT06335
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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
Investment property for sale in Gales Ferry at 7 Harvard Road, Gales Ferry, CT, 06335 with 5% annual appreciation on a $349,000 basis while $2,400/mo rent supports operations. Total monthly income totals $2,400/mo and a $1,708/mo payment preserves $29/mo for cash returns. Annual cash flow comes to $347/yr on $115,694 deployed, and return on cash invested reaches 20.21% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 8.25%. Five-year ROI measures 105.24% and total cumulative return in cash totals $121,752.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,400/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06335, Gales Ferry, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,719 (100%) |
| Owner Occupied HU | 2,191 (80.6%) |
| Renter Occupied HU | 375 (13.8%) |
| Vacant Housing Units | 153 ( 5.6%) |
| Median Home Value | $332,483 |
| Average Home Value | $361,753 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,616
Multi-Family
30
Businesses
157
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Listed by: Marilyn Lusher • RE/MAX Legends
Mls Name: Smart MLS
Mls ID: #24137674