9 Turnstone RoadEssexCT06426
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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 Turnstone Road, Essex, CT, 06426 priced at $1,275,000 pairs $3,270/mo rent with after a $6,240/mo payment. Total monthly income equals $3,270/mo. Return on cash invested is 4.71% in year one, and rental yield stands at 3.08% on a $1,275,000 basis. Equity gained on principal adds $8,227/yr, and 5% annual appreciation accumulates to $352,259 by year five. Five-year ROI measures 22.03% and total cumulative return in cash reaches $90,998. For financing, Ziffy Mortgage’s DSCR program evaluates $3,270/mo property income against a $6,240/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
1.84 Acres 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: Rick Weiner • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24027704