769 Old Turnpike RoadPlantsvilleCT06479
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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
Rental property for sale in Plantsville at 769 Old Turnpike Road, Plantsville, CT, 06479 offers $2,939/mo rent that, after a $1,957/mo payment, leaves $222/mo cash flow. Total monthly income is $2,939/mo, and annual cash flow is $2,666/yr on $132,567 cash. Return on cash invested measures 21.92% in year one, and rental yield stands at 8.82% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 114.45% and total cumulative return in cash reaches $151,724. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,939/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06479, Plantsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 3,283 (78.9%) |
| Renter Occupied HU | 748 (18.0%) |
| Vacant Housing Units | 132 ( 3.2%) |
| Median Home Value | $416,419 |
| Average Home Value | $445,100 |
Housing Distribution
Address Breakdown
Residential
4,078
Single Family
4,063
Multi-Family
15
Businesses
338
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Listed by: Mela Veltri Case • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24136135