74 Cove Rd #22HaddamCT06438
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 74 Cove Rd #22, Haddam, CT, 06438 in Haddam is the 1.50 coverage ratio: rent of $1,754/mo versus a $1,172/mo debt payment on a $260,600 property. Rental yield 8.08%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $71,999 by year five, with $2,400/yr in equity from paydown. Total projected cumulative return: $94,226.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $(87) | $1,200 |
City averages based on Haddam market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,754 |
| Total Monthly Debt Service | $1,738 |
| DSCR Ratio | 1.01x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
49.70 Acres lot
$N/A/sqft
$848 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06438, Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,236 (100%) |
| Owner Occupied HU | 949 (76.8%) |
| Renter Occupied HU | 182 (14.7%) |
| Vacant Housing Units | 105 ( 8.5%) |
| Median Home Value | $462,500 |
| Average Home Value | $605,071 |
Housing Distribution
Address Breakdown
Residential
1,113
Single Family
1,033
Multi-Family
80
Businesses
73
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
Single Family
Built in 2015
49.70 Acres lot
$N/A/sqft
$848 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06438, Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,236 (100%) |
| Owner Occupied HU | 949 (76.8%) |
| Renter Occupied HU | 182 (14.7%) |
| Vacant Housing Units | 105 ( 8.5%) |
| Median Home Value | $462,500 |
| Average Home Value | $605,071 |
Housing Distribution
Address Breakdown
Residential
1,113
Single Family
1,033
Multi-Family
80
Businesses
73
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: William Raveis Real Estate, Mortgage & Insurance
Mls Provider:
Mls ID: #24119155