86 Longwood DriveColchesterCT06415
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 86 Longwood Drive, Colchester, CT, 06415 in Colchester is narrow, $57/mo net on $1,993/mo rent after the $1,282/mo debt service, but the property operates at break-even-plus, not a loss. At $285,000 with a 8.39% yield, the long-run equity case via 5% appreciation ($78,740 over five years) and $2,625/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.55 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $112,463.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $57 | $1,800 |
City averages based on Colchester market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,993 |
| Total Monthly Debt Service | $1,823 |
| DSCR Ratio | 1.09x |
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 1943
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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 1943
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy B. Rubin • RE/MAX Legends
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24115178
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.