108 Culvert StreetTorringtonCT06790
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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 Torrington at 108 Culvert Street, Torrington, CT, 06790 priced at $390,900 converts $1,680/mo rent into after a $1,913/mo obligation. Total monthly income equals $1,680/mo. Return on cash invested prints 10.87% in year one, and rental yield reads 5.16% against a $390,900 entry. Equity gained on principal adds $2,522/yr, while 5% annual appreciation compiles into $107,998 by year five. Five-year ROI reaches 55.21% and total cumulative return in cash sums $71,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,913/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
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Listed by: Mike Gregor • Cohen Agency SiM, LLC
Mls Name: Smart MLS
Mls ID: #24146746