8 Palmer RoadScotlandCT06264
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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 Scotland at 8 Palmer Road, Scotland, CT, 06264 at $375,000 posts ROI 24.39% with $465/mo cash flow from $3,012/mo rent. Total monthly income equals $3,012/mo, and annual cash flow records $5,574/yr on $124,313 to close. Return on cash invested measures 24.39% and rental yield reads 9.64% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 127.68% and total cumulative return in cash totals $158,727.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,012/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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Listed by: Cary A. Marcoux • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24151835