958 Essex RoadWestbrookCT06498
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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 Westbrook at 958 Essex Road, Westbrook, CT, 06498 uses $192,465 cash to close to unlock $19,986/yr annual cash flow and $1,666/mo monthly cash flow. Total monthly income runs $5,640/mo, and a $2,863/mo payment keeps the spread at $1,666/mo. Purchase price stands at $585,000, and rental yield measures 11.57% with $5,640/mo rent. Return on cash invested shows 30.44% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 160.11% and total cumulative return in cash records $308,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,640/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06498, Westbrook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,096 (100%) |
| Owner Occupied HU | 2,427 (59.3%) |
| Renter Occupied HU | 681 (16.6%) |
| Vacant Housing Units | 988 (24.1%) |
| Median Home Value | $556,877 |
| Average Home Value | $682,440 |
Housing Distribution
Address Breakdown
Residential
3,570
Single Family
3,538
Multi-Family
32
Businesses
347
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Listed by: Gigi Giordano • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101988
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.