89 Oak Ridge DrHaddamCT06438
INVESTMENT ANALYSIS
Investment Verdict
Solid Income89 Oak Ridge Dr, Haddam, CT, 06438 in Haddam earns a respectable 8.47% gross yield at $475,000, but after the $2,136/mo mortgage the net cash flow is $124/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.57) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $131,234 over five years, making equity the dominant return driver. Total projected return: $189,386.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.2% |
| Monthly Cash Flow | $124 | $1,200 |
City averages based on Haddam market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,352 |
| Total Monthly Debt Service | $3,038 |
| DSCR Ratio | 1.10x |
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 1964
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06438, Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,236 (100%) |
| Owner Occupied HU | 949 (76.8%) |
| Renter Occupied HU | 182 (14.7%) |
| Vacant Housing Units | 105 ( 8.5%) |
| Median Home Value | $462,500 |
| Average Home Value | $605,071 |
Housing Distribution
Address Breakdown
Residential
1,113
Single Family
1,033
Multi-Family
80
Businesses
73
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 1964
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06438, Haddam, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,236 (100%) |
| Owner Occupied HU | 949 (76.8%) |
| Renter Occupied HU | 182 (14.7%) |
| Vacant Housing Units | 105 ( 8.5%) |
| Median Home Value | $462,500 |
| Average Home Value | $605,071 |
Housing Distribution
Address Breakdown
Residential
1,113
Single Family
1,033
Multi-Family
80
Businesses
73
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SOCIETY TEAM AT KELLER WILLIAMS REALTY • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082018
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