Essex, CT — Rental Investment Analysis

🔴WEAKappreciation play only

Cap Rate

2.0%

Below average

Monthly Cash Flow

-$1,946

After all expenses

Price-to-Rent

22.0

Overpriced for rent

DSCR

0.32

Fails

📊 Key Metrics

Median Home Price
$535,759
Average Rent (3BR)
$2,030/mo
Price-to-Rent Ratio
22.0(high)
1% Rule
0.38%(fails — need 1%+)
Cash-on-Cash Return
-19.0%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Essex for Investors

06409
Cap Rate: 2.4%Cash Flow: -$1,654/mo$492,510
06442
Cap Rate: 2.0%Cash Flow: -$1,946/mo$535,759
06426
Cap Rate: 1.3%Cash Flow: -$3,177/mo$753,747

All Zip Codes in Essex

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
064092.4%-$1,654$492,510$2,030/mo0.37
064422.0%-$1,946$535,759$2,030/mo0.32
064261.3%-$3,177$753,747$2,320/mo0.21