16 Tracy StreetThomastonCT06787
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 Thomaston at 16 Tracy Street, Thomaston, CT, 06787 priced at $349,900 converts $2,446/mo rent into $68/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,446/mo, and annual cash flow totals $818/yr on $115,992 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 8.39% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 107.45% and total cumulative return in cash sums $124,638. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,446/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1870
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06787, Thomaston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 2,467 (72.1%) |
| Renter Occupied HU | 767 (22.4%) |
| Vacant Housing Units | 189 ( 5.5%) |
| Median Home Value | $294,097 |
| Average Home Value | $359,392 |
Housing Distribution
Address Breakdown
Residential
3,274
Single Family
3,192
Multi-Family
82
Businesses
361
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Listed by: Sue Holway • SH Properties
Mls Name: Smart MLS
Mls ID: #24108593