113 Trolley Crossing Lane #113MiddletownCT06457
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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 Middletown at 113 Trolley Crossing Lane #113, Middletown, CT, 06457 offers a 9.43% rental yield on a $149,000 purchase with $1,171/mo rent. Total monthly income registers $1,171/mo, and a $729/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,907/yr on $49,394 to close, and return on cash invested stands at 23.77% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 124.32% and total cumulative return in cash at $61,408. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,171/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Ron Stewart • Houlihan Lawrence WD
Mls Name: Smart MLS
Mls ID: #24121596