1 Abbott Road #40EllingtonCT06029
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 #40, Ellington, CT, 06029 priced at $179,900 pairs $1,403/mo rent with $180/mo cash flow after a $881/mo payment. Total monthly income equals $1,403/mo, and annual cash flow comes to $2,162/yr on $59,637 invested. Return on cash invested is 23.53% in year one, and rental yield stands at 9.36% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 123.16% and total cumulative return in cash reaches $73,449. For financing, Ziffy Mortgage’s DSCR program evaluates $1,403/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynne M. Metevier • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24151191