119 Farview AvenueWolcottCT06716
Nearby investment properties with comparable rents
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 Wolcott at 119 Farview Avenue, Wolcott, CT, 06716 generates $3,168/mo in rent and, after a $2,129/mo payment, leaves $213/mo in cash flow. Total monthly income is $3,168/mo, and annual cash flow is $2,550/yr on $144,203 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 8.74% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 113.12% and total cumulative return in cash sums $163,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,168/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06716, Wolcott, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,411 (100%) |
| Owner Occupied HU | 5,399 (84.2%) |
| Renter Occupied HU | 768 (12.0%) |
| Vacant Housing Units | 244 ( 3.8%) |
| Median Home Value | $387,037 |
| Average Home Value | $432,363 |
Housing Distribution
Address Breakdown
Residential
6,219
Single Family
6,001
Multi-Family
218
Businesses
468
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Devino • Showcase Realty, Inc.
Mls Name: Smart MLS
Mls ID: #24146103