16 Greenbriar Drive APT A, Farmington, CT, 06032 | $4/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 Greenbriar Drive APT A, Farmington, CT, 06032 | $4/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Farmington at 16 Greenbriar Drive APT A, Farmington, CT, 06032 priced at $269,900 converts $1,838/mo rent into $4/mo cash flow after a $1,321/mo obligation. Total monthly income equals $1,838/mo, and annual cash flow totals $50/yr on $89,472 invested. Return on cash invested prints 19.97% in year one, and rental yield reads 8.17% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 103.98% and total cumulative return in cash sums $93,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,838/mo property income covering a $1,321/mo payment, not borrower’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Simply Gorgeous Location with direct views of the lake for this corner unit at Greenbriar Condos! Set conveniently off RT 4, close to everything from shops and restaurants, to Golf courses and easy access to highway, yet nestled in solace with beautiful views of the lake and woods. Just steps to the pool and clubhouse, you will not find a better location for your new condo. Inside you will find a wonderful open floorplan with loads of windows letting in the light. The sweet updated kitchen is just perfection for everyday home cooking! The kitchen leads into the dining area that has a slider onto a private deck and oooh those lake views! Walk upstairs to find two bedroom suites... The primary has a view of the lake and large bathroom with washer and dryer + dressing room. The second bedroom suite has soaring ceilings with ceiling windows and its own bathroom. The basement has so much potential for a gym/office/play area or just storage! With just a little TLC the condo can be your fabulous new lake home!

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