8 Oakwood DriveGales FerryCT06335
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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 Gales Ferry at 8 Oakwood Drive, Gales Ferry, CT, 06335 priced at $400,000 converts $3,694/mo rent into $976/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,694/mo, and annual cash flow totals $11,712/yr on $132,600 invested. Return on cash invested prints 28.74% in year one, and rental yield reads 11.08% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 150.99% and total cumulative return in cash sums $200,212. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,694/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06335, Gales Ferry, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,719 (100%) |
| Owner Occupied HU | 2,191 (80.6%) |
| Renter Occupied HU | 375 (13.8%) |
| Vacant Housing Units | 153 ( 5.6%) |
| Median Home Value | $332,483 |
| Average Home Value | $361,753 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,616
Multi-Family
30
Businesses
157
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Listed by: Jaime Dasilva • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24112462
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.