88 High StreetEnfieldCT06082
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
Investment Highlights
Rental property for sale in Enfield at 88 High Street, Enfield, CT, 06082 priced at $274,900 converts $2,323/mo rent into $456/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,323/mo, and annual cash flow totals $5,468/yr on $91,129 invested. Return on cash invested prints 25.91% in year one, and rental yield reads 10.14% against a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,950 by year five. Five-year ROI reaches 135.82% and total cumulative return in cash sums $123,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,323/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
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Listed by: Lauren A. Marszalek • Canopy Brokerage Company, LLC
Mls Name: Smart MLS
Mls ID: #24140547