804 Forest RoadNorthfordCT06472
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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
Investment Highlights
Rental property for sale in Northford at 804 Forest Road, Northford, CT, 06472 priced at $649,000 pairs $4,961/mo rent with $551/mo cash flow after a $3,177/mo payment. Total monthly income equals $4,961/mo, and annual cash flow comes to $6,611/yr on $213,521 invested. Return on cash invested is 23.16% in year one, and rental yield stands at 9.17% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 121.02% and total cumulative return in cash reaches $258,396. For financing, Ziffy Mortgage’s DSCR program evaluates $4,961/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1720
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06472, Northford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,515 (100%) |
| Owner Occupied HU | 2,207 (87.8%) |
| Renter Occupied HU | 229 ( 9.1%) |
| Vacant Housing Units | 79 ( 3.1%) |
| Median Home Value | $420,156 |
| Average Home Value | $460,915 |
Housing Distribution
Address Breakdown
Residential
2,418
Single Family
2,418
Multi-Family
0
Businesses
177
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Listed by: The Whiteman Team at William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24111092
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.