1063 North Main StreetKillinglyCT06241
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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
Investment property for sale in Killingly at 1063 North Main Street, Killingly, CT, 06241 offers a 8.6% rental yield on a $200,000 purchase with $1,433/mo rent. Total monthly income registers $1,433/mo, and a $979/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $888/yr on $66,300 to close, and return on cash invested stands at 21.25% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 110.8% and total cumulative return in cash at $73,460. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,433/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06241, Dayville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 2,152 (68.7%) |
| Renter Occupied HU | 621 (19.8%) |
| Vacant Housing Units | 361 (11.5%) |
| Median Home Value | $381,858 |
| Average Home Value | $391,199 |
Housing Distribution
Address Breakdown
Residential
2,594
Single Family
2,537
Multi-Family
57
Businesses
226
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Listed by: Loni J. Wright • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104535
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.