15 Bristol StreetWillimanticCT06226
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 Willimantic at 15 Bristol Street, Willimantic, CT, 06226 priced at $259,900 converts $2,334/mo rent into $568/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,334/mo, and annual cash flow totals $6,818/yr on $86,157 invested. Return on cash invested prints 27.82% in year one, and rental yield reads 10.78% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 146.12% and total cumulative return in cash sums $125,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,334/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Housing Distribution
Address Breakdown
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
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Listed by: Theodore Jarrett • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24148674