9 Pratt StreetEssexCT06426
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 Essex at 9 Pratt Street, Essex, CT, 06426 offers $3,270/mo rent that, after a $5,996/mo payment. Total monthly income is $3,270/mo. Return on cash invested measures 5.09% in year one, and rental yield stands at 3.2% at a $1,225,000 entry. Equity gained on principal adds $7,905/yr while 5% annual appreciation compounds into $338,445 by year five. Five-year ROI records 24.1% and total cumulative return in cash reaches $95,640. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,270/mo property income versus a $5,996/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1834
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06426, Essex, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,762 (100%) |
| Owner Occupied HU | 1,197 (67.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 199 (11.3%) |
| Median Home Value | $745,253 |
| Average Home Value | $939,871 |
Housing Distribution
Address Breakdown
Residential
1,717
Single Family
1,490
Multi-Family
227
Businesses
378
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Listed by: Cathy Lynch • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24131244