98 David DrColchesterCT06415
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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 Colchester at 98 David Dr, Colchester, CT, 06415 with 5% annual appreciation on a $425,000 basis while $3,334/mo rent supports operations. Total monthly income totals $3,334/mo and a $2,080/mo payment preserves $447/mo for cash returns. Annual cash flow comes to $5,358/yr on $140,888 deployed, and return on cash invested reaches 23.71% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 9.41%. Five-year ROI measures 124.03% and total cumulative return in cash totals $174,749.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,334/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06415, Colchester, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,191 (100%) |
| Owner Occupied HU | 5,223 (72.6%) |
| Renter Occupied HU | 1,325 (18.4%) |
| Vacant Housing Units | 643 ( 8.9%) |
| Median Home Value | $372,596 |
| Average Home Value | $404,128 |
Housing Distribution
Address Breakdown
Residential
6,910
Single Family
6,666
Multi-Family
244
Businesses
470
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Listed by: Joel C. Cassar • RE/MAX Legends
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088903
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.