148 Hillside AvenueTorringtonCT06790
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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 Torrington at 148 Hillside Avenue, Torrington, CT, 06790 priced at $299,000 pairs $2,956/mo rent with $925/mo cash flow after a $1,463/mo payment. Total monthly income equals $2,956/mo, and annual cash flow comes to $11,099/yr on $99,119 invested. Return on cash invested is 31.11% in year one, and rental yield stands at 11.86% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 163.67% and total cumulative return in cash reaches $162,226. For financing, Ziffy Mortgage’s DSCR program evaluates $2,956/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
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Listed by: Alexander King • Lock and Key Realty, Inc
Mls Name: Smart MLS
Mls ID: #24113247