1048 South Main Street APT 17SouthingtonCT06489
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Southington rental at 1048 South Main Street APT 17, Southington, CT, 06489 sits in the solid-income band: 10.72% gross yield, $2,904/mo rent, $459/mo net after the $1,461/mo debt service, DSCR 1.99. Entry price of $325,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $89,792 and $2,993/yr in principal reduction bring total cumulative return to $154,698.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.2% |
| Monthly Cash Flow | $459 | $250 |
City averages based on Southington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,904 |
| Total Monthly Debt Service | $2,316 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2000
N/A lot
$N/A/sqft
$237 monthly 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
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
Condo
Built in 2000
N/A lot
$N/A/sqft
$237 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Glanville • Glanville Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096479
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.