814 Glastonbury TurnpikePortlandCT06480
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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 Portland at 814 Glastonbury Turnpike, Portland, CT, 06480 offers $4,006/mo rent that, after a $2,300/mo payment, leaves $813/mo cash flow. Total monthly income is $4,006/mo, and annual cash flow is $9,758/yr on $155,772 cash. Return on cash invested measures 26.17% in year one, and rental yield stands at 10.23% at a $469,900 entry. Equity gained on principal adds $3,032/yr while 5% annual appreciation compounds into $129,825 by year five. Five-year ROI records 137.25% and total cumulative return in cash reaches $213,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,006/mo property income versus a $2,300/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06480, Portland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,354 (100%) |
| Owner Occupied HU | 3,139 (72.1%) |
| Renter Occupied HU | 785 (18.0%) |
| Vacant Housing Units | 430 ( 9.9%) |
| Median Home Value | $416,215 |
| Average Home Value | $496,894 |
Housing Distribution
Address Breakdown
Residential
3,933
Single Family
3,879
Multi-Family
54
Businesses
353
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Listed by: Alana Wall-Galvin • Suburban Homes & Condos
Mls Name: Smart MLS
Mls ID: #24122578