16 James Street, Killingly, CT, 06239 | 7.49% Rental Yield

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16 James Street, Killingly, CT, 06239 | 7.49% Rental Yield | 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 Killingly at 16 James Street, Killingly, CT, 06239 priced at $249,000 pairs $1,554/mo rent with after a $1,219/mo payment. Total monthly income equals $1,554/mo. Return on cash invested is 17.9% in year one, and rental yield stands at 7.49% on a $249,000 basis. Equity gained on principal adds $1,607/yr, and 5% annual appreciation accumulates to $68,794 by year five. Five-year ROI measures 92.86% and total cumulative return in cash reaches $76,652. For financing, Ziffy Mortgage’s DSCR program evaluates $1,554/mo property income against a $1,219/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1956

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover the charm of this delightful home, where comfort meets convenience! Step inside to a generous living room that invites relaxation, complemented by two cozy bedrooms perfect for restful nights. The full bath adds to the functionality of the space. A standout feature is the spacious 2-car garage, providing effortless access to a large basement-ideal for storage or transforming into a lively rec room or office. Nestled at the end of the street, this property offers a serene retreat with a fully fenced yard, perfect for pets or outdoor gatherings. With two handy outdoor sheds, you'll have ample space for tools and toys. Enjoy the best of both worlds, with privacy at home yet just moments away from shopping and downtown amenities. Your dream lifestyle awaits in this charming abode-come see it for yourself!

Neighborhood Data

Neighborhood data shown for ZIP Code: 06239, Danielson, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,234 (100%)
Owner Occupied HU	3,286 (62.8%)
Renter Occupied HU	1,671 (31.9%)
Vacant Housing Units	277 ( 5.3%)
Median Home Value	$314,831
Average Home Value	$382,427