944 Long Cove Road #TRLR 1Gales FerryCT06335
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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 Gales Ferry at 944 Long Cove Road #TRLR 1, Gales Ferry, CT, 06335 uses $53,007 cash to close to unlock $2,354/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,283/mo, and a $783/mo payment keeps the spread at $196/mo. Purchase price stands at $159,900, and rental yield measures 9.63% with $1,283/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 127.51% and total cumulative return in cash records $67,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,283/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06335, Gales Ferry, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,719 (100%) |
| Owner Occupied HU | 2,191 (80.6%) |
| Renter Occupied HU | 375 (13.8%) |
| Vacant Housing Units | 153 ( 5.6%) |
| Median Home Value | $332,483 |
| Average Home Value | $361,753 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,616
Multi-Family
30
Businesses
157
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Listed by: Diane M. Contino • RE/MAX Realty Group
Mls Name: Smart MLS
Mls ID: #24151317