10 Laurel LaneStafford SpringsCT06076
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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 Stafford Springs at 10 Laurel Lane, Stafford Springs, CT, 06076 priced at $259,900 converts $1,765/mo rent into after a $1,272/mo obligation. Total monthly income equals $1,765/mo. Return on cash invested prints 19.9% in year one, and rental yield reads 8.15% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 103.62% and total cumulative return in cash sums $89,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,765/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06076, Stafford Springs, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,574 (100%) |
| Owner Occupied HU | 3,900 (70.0%) |
| Renter Occupied HU | 1,223 (21.9%) |
| Vacant Housing Units | 451 ( 8.1%) |
| Median Home Value | $295,978 |
| Average Home Value | $378,008 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
5,272
Multi-Family
89
Businesses
321
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Listed by: Michael G. Ferris • eXp Realty
Mls Name: Smart MLS
Mls ID: #24121717