88 Nooks Hill RdCromwellCT06416
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 88 Nooks Hill Rd, Cromwell, CT, 06416 in Cromwell deserves attention. This $349,900 property earns $3,092/mo in rent, a 10.61% gross yield, and nets $715/mo after the $1,573/mo payment. DSCR 1.97 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $96,671 compounds alongside $3,223/yr in yearly equity build, for a total cumulative return of $179,638.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $715 | $2,000 |
City averages based on Cromwell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,092 |
| Total Monthly Debt Service | $2,238 |
| DSCR Ratio | 1.38x |
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 1965
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
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 1965
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06416, Cromwell, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,413 (100%) |
| Owner Occupied HU | 4,827 (75.3%) |
| Renter Occupied HU | 1,384 (21.6%) |
| Vacant Housing Units | 202 ( 3.1%) |
| Median Home Value | $406,672 |
| Average Home Value | $444,400 |
Housing Distribution
Address Breakdown
Residential
6,270
Single Family
5,268
Multi-Family
1,002
Businesses
569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices