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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Willimantic at 16 Gem Drive, Willimantic, CT, 06226 listed at $265,000 pairs $2,113/mo rent with a $1,297/mo payment to leave $276/mo cash flow. Total monthly income runs $2,113/mo, and annual cash flow reaches $3,310/yr on $87,848 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 9.57% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 124.02% and total cumulative return in cash totals $108,951. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,113/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
| 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 |
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Sold | $265,000 |
| 2025-08-07 | Pending sale | $250,000 |
| 2025-07-11 | Price change | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $5157.00 | 32.13% | $139,160 | 68.99% |
| 2023-10-26 | $3903.00 | 1.48% | $82,350 | N/A |
| 2022-10-26 | $3846.00 | -6.76% | $82,350 | N/A |
What's Special
Pull Down Stairs
Listed by: Kim A. Gates • Gateway Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103896
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.
