10 Topview Drive, Thompson, CT, 06277 | $20/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10 Topview Drive, Thompson, CT, 06277 | $20/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Thompson at 10 Topview Drive, Thompson, CT, 06277 generates $2,160/mo in rent and, after a $1,542/mo payment, leaves $20/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $234/yr on $104,423 invested. Return on cash invested sits at 20.13% in year one, and rental yield is 8.23% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 104.87% and total cumulative return in cash sums $109,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.

Single Family

Built in 1952

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't let the 1 bedroom scare you because this 1,500 sq. ft. Ranch, just off Rt. 131 in Quinebaug, is more than meets the eye. This home has tons of potential for an easy 2 bedroom conversion along with a possible. A new 3 bedroom septic was installed in 2021 and the oversizing dining room is easily converted into a second bedroom along with the sunroom as a possibility for the 3rd. Only need 1 bedroom? Than this home is ideal! With oversized rooms, this home features hardwood floors throughout, a large full bathroom with laundry on the main level, along with a generous sized eating space kitchen. Home features a 2018 boiler, newer well pump, regular chimney maintenance (along with repointing & waterproofing), a 2019 oil tank and much more. Living room features a wood burning fireplace, there is a 1 car garage, along with a large-unfinished basement with a walk-out to the backyard. There is even a fireplace in the basement for when you finish the lower level. Located on a dead-end road, schedule your showing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06277, Thompson, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,739 (100%)
Owner Occupied HU	1,355 (77.9%)
Renter Occupied HU	210 (12.1%)
Vacant Housing Units	174 (10.0%)
Median Home Value	$392,625
Average Home Value	$487,170