11 Gibbs St APT 9WinchesterCT06098
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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 Winchester at 11 Gibbs St APT 9, Winchester, CT, 06098 offers $836/mo rent that, after a $538/mo payment. Total monthly income is $836/mo. Return on cash invested measures 17.58% in year one, and rental yield stands at 9.13% at a $109,900 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,363 by year five. Five-year ROI records 93.16% and total cumulative return in cash reaches $33,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $836/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06098, Winsted, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,484 (100%) |
| Owner Occupied HU | 2,978 (54.3%) |
| Renter Occupied HU | 1,763 (32.1%) |
| Vacant Housing Units | 743 (13.5%) |
| Median Home Value | $284,893 |
| Average Home Value | $365,792 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,459
Multi-Family
362
Businesses
397
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Listed by: David Sartirana • Northwest CT Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097235
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.