9 Watch Hill Circle #9CromwellCT06416
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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 Cromwell at 9 Watch Hill Circle #9, Cromwell, CT, 06416 listed at $287,000 pairs $2,952/mo rent with a $1,405/mo payment to leave $647/mo cash flow. Total monthly income runs $2,952/mo, and annual cash flow reaches $7,760/yr on $95,141 cash to close. Return on cash invested measures 28.07% in year one, and rental yield registers 12.34% at a $287,000 basis. Equity gained on principal adds $1,852/yr, and annual property appreciation at 5% supports $79,293 by year five. Five-year ROI tracks 148.99% and total cumulative return in cash totals $141,754. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,952/mo property income relative to a $1,405/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1976
N/A lot
$N/A/sqft
$355 monthly 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
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Listed by: Steven Romero • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101677
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.