11 Paper Chase Drive, Farmington, CT, 06032 | 7.1% Rental Yield

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11 Paper Chase Drive, Farmington, CT, 06032 | 7.1% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Farmington at 11 Paper Chase Drive, Farmington, CT, 06032 priced at $589,000 pairs $3,485/mo rent with after a $2,883/mo payment. Total monthly income equals $3,485/mo. Return on cash invested is 16.86% in year one, and rental yield stands at 7.1% on a $589,000 basis. Equity gained on principal adds $3,801/yr, and 5% annual appreciation accumulates to $162,730 by year five. Five-year ROI measures 87.24% and total cumulative return in cash reaches $169,058. For financing, Ziffy Mortgage’s DSCR program evaluates $3,485/mo property income against a $2,883/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1977

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Located on a quiet street in the Walnut Farms Village neighborhood, 11 Paper Chase Drive is a well-maintained 4-bedroom, 2.5 baths Colonial offering reliable space and comfort in a convenient Farmington location. The main level includes a traditional Colonial layout with a front living room, formal dining room, and a cozy family room with a wood-burning fireplace. The eat-in kitchen is functional with plenty of room for everyday cooking and casual meals. On the upper level, there's a spacious primary suite with a full bath and three other comfortably sized bedrooms and a full bathroom. Gleaming hardwood floors run through most of the home, and there's good closet space throughout. The basement offers storage or potential for future finishing. Outside, the home sits on a level lot with a back deck and a private yard. A two-car attached garage and central air conditioning add to the overall practicality. This community offers a pool, tennis court and basketball court for residents only. This is a solid home in a well-established area-just minutes from Route 6, I-84, schools, shopping, and parks. If you're looking for a move-in ready home with traditional charm and room to make it your own, 11 Paper Chase Drive is the home for you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,666 (100%)
Owner Occupied HU	5,730 (66.1%)
Renter Occupied HU	2,487 (28.7%)
Vacant Housing Units	449 ( 5.2%)
Median Home Value	$506,652
Average Home Value	$568,271