8 Timber Hill RdPlainvilleCT06062
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8 Timber Hill Rd, Plainville, CT, 06062 in Plainville hard to pass up. The 10.81% gross yield on a $319,900 purchase results in $2,533/mo in rent and $708/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.76). Annual cash flow of $8,492, five-year appreciation of $88,382, and $2,946/yr in equity build-up combine for a projected total cumulative return of $145,343.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.2% |
| Monthly Cash Flow | $708 | $300 |
City averages based on Plainville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,533 |
| Total Monthly Debt Service | $2,046 |
| DSCR Ratio | 1.24x |
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.
Single Family
Built in 1965
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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
Single Family
Built in 1965
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Annie Gura • Coldwell Banker Premier Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095548
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.