83-85 Providence StreetTaftvilleCT06380
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 83-85 Providence Street, Taftville, CT, 06380 in Taftville deserves attention. This $260,000 property earns $3,961/mo in rent, a 18.28% gross yield, and nets $2,096/mo after the $1,169/mo payment. DSCR 3.39 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $71,833 compounds alongside $2,395/yr in yearly equity build, for a total cumulative return of $234,609.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18.3% | 8.0% |
| Monthly Cash Flow | $2,096 | $150 |
City averages based on Taftville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,961 |
| Total Monthly Debt Service | $1,762 |
| DSCR Ratio | 2.25x |
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 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06380, Taftville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,388 (100%) |
| Owner Occupied HU | 471 (33.9%) |
| Renter Occupied HU | 755 (54.4%) |
| Vacant Housing Units | 162 (11.7%) |
| Median Home Value | $214,091 |
| Average Home Value | $327,341 |
Housing Distribution
Address Breakdown
Residential
1,423
Single Family
1,045
Multi-Family
378
Businesses
114
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 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06380, Taftville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,388 (100%) |
| Owner Occupied HU | 471 (33.9%) |
| Renter Occupied HU | 755 (54.4%) |
| Vacant Housing Units | 162 (11.7%) |
| Median Home Value | $214,091 |
| Average Home Value | $327,341 |
Housing Distribution
Address Breakdown
Residential
1,423
Single Family
1,045
Multi-Family
378
Businesses
114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dale J. Bunn • Riverview Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079381
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.