7 Pratt St APT 7EssexCT06426
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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 Essex at 7 Pratt St APT 7, Essex, CT, 06426 earns from $3,464/mo rent with a $3,181/mo payment. Total monthly income totals $3,464/mo. ROI tracks 13.21% on current figures, and rental yield reads 6.4% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 68.27% and total cumulative return in cash sums $145,974. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,464/mo property income instead of your personal income.
Condo
Built in 1860
N/A lot
$N/A/sqft
$268 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
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Listed by: Craig Milton • REMAX Valley Shore
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076553
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.