109 Howard AvenueSouthingtonCT06489
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
Investment Highlights
Rental property for sale in Southington at 109 Howard Avenue, Southington, CT, 06489 offers $2,849/mo rent that, after a $1,806/mo payment, leaves $342/mo cash flow. Total monthly income is $2,849/mo, and annual cash flow is $4,103/yr on $122,324 cash. Return on cash invested measures 23.26% in year one, and rental yield stands at 9.27% at a $369,000 entry. Equity gained on principal adds $2,381/yr while 5% annual appreciation compounds into $101,948 by year five. Five-year ROI records 121.62% and total cumulative return in cash reaches $148,767. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,849/mo property income versus a $1,806/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.25 Acres 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: Heidi Matusik • Lamacchia Realty
Mls Name: Smart MLS
Mls ID: #24119110