8 Palmer RoadScotlandCT06264
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 8 Palmer Road, Scotland, CT, 06264 in Scotland. At $375,000 it earns $3,012/mo in rent and distributes $464/mo to the owner after the $1,686/mo payment, a consistent 9.64% yield. DSCR 1.79 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $103,606 in value; $3,454/yr in principal paydown compounds ownership stake. Total projected return: $173,072.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 9.0% |
| Monthly Cash Flow | $464 | $1,500 |
City averages based on Scotland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,012 |
| Total Monthly Debt Service | $2,399 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1800
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06264, Scotland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 55 (100%) |
| Owner Occupied HU | 49 (89.1%) |
| Renter Occupied HU | 4 ( 7.3%) |
| Vacant Housing Units | 2 ( 3.6%) |
| Median Home Value | $573,864 |
| Average Home Value | $625,510 |
Housing Distribution
Address Breakdown
Residential
30
Single Family
30
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1800
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06264, Scotland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 55 (100%) |
| Owner Occupied HU | 49 (89.1%) |
| Renter Occupied HU | 4 ( 7.3%) |
| Vacant Housing Units | 2 ( 3.6%) |
| Median Home Value | $573,864 |
| Average Home Value | $625,510 |
Housing Distribution
Address Breakdown
Residential
30
Single Family
30
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cary A. Marcoux • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24151835