1 Abbott Road #32EllingtonCT06029
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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
Rental property for sale in Ellington at 1 Abbott Road #32, Ellington, CT, 06029 priced at $221,000 converts $1,804/mo rent into $12/mo cash flow after a $1,082/mo obligation. Total monthly income equals $1,804/mo, and annual cash flow totals $145/yr on $73,262 invested. Return on cash invested prints 20.11% in year one, and rental yield reads 9.8% against a $221,000 entry. Equity gained on principal adds $1,426/yr, while 5% annual appreciation compiles into $61,058 by year five. Five-year ROI reaches 106.47% and total cumulative return in cash sums $78,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,804/mo property income covering a $1,082/mo payment, not borrower’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06029, Ellington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,044 (100%) |
| Owner Occupied HU | 4,614 (65.5%) |
| Renter Occupied HU | 2,097 (29.8%) |
| Vacant Housing Units | 333 ( 4.7%) |
| Median Home Value | $390,193 |
| Average Home Value | $432,805 |
Housing Distribution
Address Breakdown
Residential
6,931
Single Family
6,839
Multi-Family
92
Businesses
306
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Listed by: Brenda Bourne • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24088668
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.