128 Farmington Chase Crescent #128FarmingtonCT06032
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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 Farmington at 128 Farmington Chase Crescent #128, Farmington, CT, 06032 generates $2,034/mo in rent and, after a $1,441/mo payment, leaves $34/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $404/yr on $97,594 invested. Return on cash invested sits at 20.32% in year one, and rental yield is 8.29% on a $294,400 entry. Equity gained on principal adds $1,900/yr, while 5% annual appreciation builds toward $81,337 over five years. Five-year ROI reaches 105.86% and total cumulative return in cash sums $103,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
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Listed by: MJ Agostini • RE/MAX Right Choice
Mls Name: Smart MLS
Mls ID: #24148166