9 Hemingway StreetPlainvilleCT06062
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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
Investment property for sale in Plainville at 9 Hemingway Street, Plainville, CT, 06062 earns $418/mo cash flow from $2,660/mo rent with a $1,615/mo payment. Total monthly income totals $2,660/mo, and annual cash flow totals $5,016/yr on $109,395 capital. ROI tracks 24.49% on current figures, and rental yield reads 9.67% at a $330,000 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 128.2% and total cumulative return in cash sums $140,243. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,660/mo property income instead of your personal income.
Single Family
Built in 1960
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Alaina E. Capasso • Advise Realty Services
Mls Name: Smart MLS
Mls ID: #24148014