126 Hopmeadow Street APT 1HSimsburyCT06089
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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 Simsbury at 126 Hopmeadow Street APT 1H, Simsbury, CT, 06089 generates $1,683/mo in rent, after a $1,223/mo payment. Total monthly income is $1,683/mo. Return on cash invested sits at 19.69% in year one, and rental yield is 8.08% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 102.53% and total cumulative return in cash sums $84,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,683/mo property income rather than buyer’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06089, Weatogue, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,060 (51.0%) |
| Renter Occupied HU | 943 (45.4%) |
| Vacant Housing Units | 74 ( 3.6%) |
| Median Home Value | $454,777 |
| Average Home Value | $486,580 |
Housing Distribution
Address Breakdown
Residential
2,011
Single Family
1,746
Multi-Family
265
Businesses
122
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Listed by: Catherine A. Leake • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24139841