7 Richmond StreetPawcatuckCT06379
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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 Pawcatuck at 7 Richmond Street, Pawcatuck, CT, 06379 uses $116,025 cash to close to unlock $5,436/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $2,831/mo, and a $1,713/mo payment keeps the spread at $453/mo. Purchase price stands at $350,000, and rental yield measures 9.71% with $2,831/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash records $149,390. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,831/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1870
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06379, Pawcatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,337 (100%) |
| Owner Occupied HU | 2,689 (62.0%) |
| Renter Occupied HU | 1,305 (30.1%) |
| Vacant Housing Units | 343 ( 7.9%) |
| Median Home Value | $423,122 |
| Average Home Value | $493,105 |
Housing Distribution
Address Breakdown
Residential
4,074
Single Family
3,861
Multi-Family
213
Businesses
262
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Listed by: Jay Irvine • Serhant Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24119337