720 Main StreetWinstedCT06098
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Winsted at 720 Main Street, Winsted, CT, 06098 uses $130,943 cash to close to unlock $1,686/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,824/mo, and a $1,933/mo payment keeps the spread at $141/mo. Purchase price stands at $395,000, and rental yield measures 8.58% with $2,824/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 110.55% and total cumulative return in cash records $144,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,824/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06098, Winsted, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,484 (100%) |
| Owner Occupied HU | 2,978 (54.3%) |
| Renter Occupied HU | 1,763 (32.1%) |
| Vacant Housing Units | 743 (13.5%) |
| Median Home Value | $284,893 |
| Average Home Value | $365,792 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,459
Multi-Family
362
Businesses
397
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Listed by: Ryan Marconi • The Washington Agency
Mls Name: Smart MLS
Mls ID: #24138050