116 Larkspur LaneBristolCT06010
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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 Bristol at 116 Larkspur Lane, Bristol, CT, 06010 priced at $599,900 converts $4,594/mo rent into $518/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,594/mo, and annual cash flow totals $6,218/yr on $197,367 invested. Return on cash invested prints 23.21% in year one, and rental yield reads 9.19% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 121.33% and total cumulative return in cash sums $239,464. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,594/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06010, Bristol, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,698 (100%) |
| Owner Occupied HU | 16,830 (60.8%) |
| Renter Occupied HU | 9,356 (33.8%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $316,220 |
| Average Home Value | $341,970 |
Housing Distribution
Address Breakdown
Residential
27,024
Single Family
23,987
Multi-Family
3,037
Businesses
1,355
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Listed by: Mirya Catanzaro • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24142299