72 Perry Street #143PutnamCT06260
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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 Putnam at 72 Perry Street #143, Putnam, CT, 06260 uses $77,903 cash to close to unlock $2,442/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,150/mo payment keeps the spread at $204/mo. Purchase price stands at $235,000, and rental yield measures 9.19% with $1,800/mo rent. Return on cash invested shows 23.04% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 120.48% and total cumulative return in cash records $93,856. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06260, Putnam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,383 (100%) |
| Owner Occupied HU | 2,523 (57.6%) |
| Renter Occupied HU | 1,600 (36.5%) |
| Vacant Housing Units | 260 ( 5.9%) |
| Median Home Value | $300,290 |
| Average Home Value | $409,670 |
Housing Distribution
Address Breakdown
Residential
4,198
Single Family
3,899
Multi-Family
299
Businesses
489
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Listed by: Lynn T. Converse • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24144927