149 Hightower RoadSouthingtonCT06489
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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
Investment property for sale in Southington at 149 Hightower Road, Southington, CT, 06489 uses $148,844 cash to close to unlock $14,507/yr annual cash flow and $1,209/mo monthly cash flow. Total monthly income runs $4,260/mo, and a $2,198/mo payment keeps the spread at $1,209/mo. Purchase price stands at $449,000, and rental yield measures 11.39% with $4,260/mo rent. Return on cash invested shows 29.66% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 155.88% and total cumulative return in cash records $232,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,260/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
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Listed by: Thomas Mele • Dorrance Realty
Mls Name: Smart MLS
Mls ID: #24149368