115 Courtyard Ln UNIT 115Storrs MansfieldCT06268
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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 Storrs Mansfield at 115 Courtyard Ln UNIT 115, Storrs Mansfield, CT, 06268 generates $2,608/mo in rent and, after a $1,591/mo payment, leaves $60/mo in cash flow. Total monthly income is $2,608/mo, and annual cash flow is $714/yr on $107,738 invested. Return on cash invested sits at 20.57% in year one, and rental yield is 9.63% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash sums $116,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,608/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06268, Storrs Mansfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,614 (100%) |
| Owner Occupied HU | 2,028 (44.0%) |
| Renter Occupied HU | 2,071 (44.9%) |
| Vacant Housing Units | 515 (11.2%) |
| Median Home Value | $362,124 |
| Average Home Value | $387,401 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
3,472
Multi-Family
853
Businesses
266
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Listed by: Honglian Wu • Home Selling Team
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24080761
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.