77 Mechanic StreetPawcatuckCT06379
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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 Pawcatuck at 77 Mechanic Street, Pawcatuck, CT, 06379 listed at $365,000 pairs $3,016/mo rent with a $1,786/mo payment to leave $537/mo cash flow. Total monthly income runs $3,016/mo, and annual cash flow reaches $6,438/yr on $120,998 cash to close. Return on cash invested measures 25.23% in year one, and rental yield registers 9.92% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 132.19% and total cumulative return in cash totals $159,943. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,016/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1880
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06379, Pawcatuck, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,337 (100%) |
| Owner Occupied HU | 2,689 (62.0%) |
| Renter Occupied HU | 1,305 (30.1%) |
| Vacant Housing Units | 343 ( 7.9%) |
| Median Home Value | $423,122 |
| Average Home Value | $493,105 |
Housing Distribution
Address Breakdown
Residential
4,074
Single Family
3,861
Multi-Family
213
Businesses
262
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Listed by: Ashley Baillargeon • Century 21 North East
Mls Name: Smart MLS
Mls ID: #24130213