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$350,000

For Sale - Active
80 Russell St, Middletown, CT 06457
4 Beds
3 Baths
2,089 Square Feet
0.00 Acres Lot
Built in 1999
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Sep 14, 2025 at 10:26PM

Investment Summary


Monthly Cash Flow
-$372
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.4%

Property Description


0.00 Acres Lot
Built in 1999
For Sale - Active
Units n/a

Welcome to 80 Russell Street! This charming home offers 2,890 sq ft of comfortable living space. Featuring 4 spacious bedrooms and 3 full bathrooms, with an open loft located on the third floor. The property boasts a bright and inviting layout with hardwood floors throughout. The updated kitchen includes stainless steel appliances, ample cabinet space, and a breakfast nook. Enjoy relaxing in the cozy living room or hosting guests in the formal dining room. The sunroom adds extra space for a home office or reading area. Outside, you'll find a well-maintained yard, perfect for gardening or entertaining. Additional highlights include a detached garage, full basement for storage or expansion. Conveniently located near downtown Middletown, shopping, restaurants, and Route 9. A must-see home that blends charm and function!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Paved, Off Street, Private, Driveway
  • Garage Spaces: 1
  • Spaces Total: 6

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: MTWNM:35L:0076
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1999

Tax Information

  • Annual Tax: $10,263

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Hot Water
  • Cooling: Central Air

Location

  • County: Middlesex

Listing Details


Listed by:
Santo Gulino
William Raveis Real Estate
(860) 655-7004

Source:
SmartMLS
MLS#: 24105101
SmartMLS

Investment Summary


Monthly Cash Flow
-$372
Cap Rate
4.4%
Cash-on-Cash Return
-5.5%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.4%

Purchase Details

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Purchase price:
$350,000
Amount financed:
-$280,000
Down payment:
$70,000
Closing costs:
$10,500
Rehab costs:
$0
Initial cash invested:
$80,500
Square feet:
2,089
Cost per square foot:
$168
Monthly rent per square foot:
$1.48

Financing Details

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Loan amount:
$280,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,656
Property tax:
$855
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,728

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$855-$10,263
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (53%)
53%-$1,630-$19,563

Cash Flow


Monthly Yearly
Net operating income:
$1,284 $15,408
Mortgage payments:
-$1,656 -$19,872
Cash flow:
-$372 -$4,464