77 Charlotte DrivePlainfieldCT06374
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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 Plainfield at 77 Charlotte Drive, Plainfield, CT, 06374 generates $3,374/mo in rent and, after a $1,958/mo payment, leaves $656/mo in cash flow. Total monthly income is $3,374/mo, and annual cash flow is $7,872/yr on $132,600 invested. Return on cash invested sits at 25.85% in year one, and rental yield is 10.12% on a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 135.46% and total cumulative return in cash sums $179,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06374, Plainfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 2,439 (71.7%) |
| Renter Occupied HU | 809 (23.8%) |
| Vacant Housing Units | 152 ( 4.5%) |
| Median Home Value | $322,482 |
| Average Home Value | $354,613 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
2,874
Multi-Family
292
Businesses
240
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Listed by: Brittany Summers • Real Broker CT, LLC
Mls Name: Smart MLS
Mls ID: #24147711