16 Thornton Drive, Newington, CT, 06111 | $113/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 Thornton Drive, Newington, CT, 06111 | $113/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 Newington at 16 Thornton Drive, Newington, CT, 06111 priced at $310,000 converts $2,219/mo rent into $113/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,219/mo, and annual cash flow totals $1,356/yr on $102,765 invested. Return on cash invested prints 21.23% in year one, and rental yield reads 8.59% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 110.69% and total cumulative return in cash sums $113,755. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,219/mo property income covering a $1,517/mo payment, not borrower’s personal income.

Single Family

Built in 1953

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

You do not want to miss out on this lovingly maintained ranch offering comfort, warmth, and versatility. This home features 2/3 bedrooms and 1 full bath and is ideal for those seeking single-level living with thoughtful space and flow. Step inside to find an inviting eat-in kitchen, perfect for everyday meals or morning coffee. The kitchen is steps away from a dining room with sliders leading to a bright and tranquil sunroom, providing seamless indoor-outdoor living. The sunroom offers outside access and overlooks a flat, partially fenced backyard - a wonderful setting for relaxing or entertaining. The spacious living room, thanks to beautiful front windows, is drenched in natural light and creates a welcoming atmosphere for gatherings. Adjacent to the large living room you'll find a nice sized den. The den can be a TV room, home office, gym, or an additional sitting area; endless possibilities! Off the den, a convenient utility and storage room has its own private door to the backyard. The bedrooms are very good sized with ample storage. The current owner turned the third bedroom into a dining room. With its thoughtful layout, natural light, and lovingly maintained condition, this Newington ranch combines charm, practicality, and comfort - ready for you to move right in and make it your own.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06111, Newington, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,986 (100%)
Owner Occupied HU	10,293 (73.6%)
Renter Occupied HU	3,052 (21.8%)
Vacant Housing Units	641 ( 4.6%)
Median Home Value	$343,623
Average Home Value	$367,720