10 Meadow RoadSouthingtonCT06489
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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 Southington at 10 Meadow Road, Southington, CT, 06489 generates $1,887/mo in rent and, after a $929/mo payment, leaves $597/mo in cash flow. Total monthly income is $1,887/mo, and annual cash flow is $7,166/yr on $62,952 invested. Return on cash invested sits at 31.29% in year one, and rental yield is 11.92% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 164.72% and total cumulative return in cash sums $103,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,887/mo property income rather than buyer’s personal income.
Manufactured
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
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Listed by: Stacey Deangelis • Calcagni Real Estate
Mls Name: Smart MLS
Mls ID: #24145234