14 FernhurstFarmingtonCT06032
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 Farmington at 14 Fernhurst, Farmington, CT, 06032 priced at $1,575,000 pairs $8,657/mo rent with after a $7,709/mo payment. Total monthly income equals $8,657/mo. Return on cash invested is 15.25% in year one, and rental yield stands at 6.6% on a $1,575,000 basis. Equity gained on principal adds $10,163/yr, and 5% annual appreciation accumulates to $435,143 by year five. Five-year ROI measures 78.68% and total cumulative return in cash reaches $401,522. For financing, Ziffy Mortgage’s DSCR program evaluates $8,657/mo property income against a $7,709/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.87 Acres lot
$N/A/sqft
$1,600 annually 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: Christy Muller • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097098
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.