78 Chestnut StreetMiddletownCT06457
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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 Middletown at 78 Chestnut Street, Middletown, CT, 06457 offers a 13.99% rental yield on a $195,200 purchase with $2,276/mo rent. Total monthly income registers $2,276/mo, and a $955/mo payment leaves $831/mo available for distribution. Annual cash flow reaches $9,977/yr on $64,709 to close, and return on cash invested stands at 35.33% in year one. Equity gained on principal adds $1,260/yr while 5% annual appreciation supports $53,930 over five years. Portfolio math shows five-year ROI at 187.15% and total cumulative return in cash at $121,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,276/mo property income against a $955/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Samantha L. Storey • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24114981
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.