70 Southwick Court #311CheshireCT06410
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 70 Southwick Court #311, Cheshire, CT, 06410 in Cheshire. At $305,000 it earns $2,964/mo in rent and distributes $410/mo to the owner after the $1,446/mo payment, a consistent 11.66% yield. DSCR 2.05 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $84,266 in value; $2,557/yr in principal paydown compounds ownership stake. Total projected return: $168,109.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 5.0% |
| Monthly Cash Flow | $410 | $300 |
City averages based on Cheshire market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,964 |
| Total Monthly Debt Service | $2,025 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24206360
