1638 Main StreetSouth WindsorCT06074
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 1638 Main Street, South Windsor, CT, 06074 in South Windsor, $289,900, 8.34% gross yield, $45/mo net income. Consider it a market-entry position, the $2,015/mo rent covers the $1,304/mo payment with a margin, and 5%/yr appreciation is projected to add $80,094 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.55) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $113,628.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $45 | $300 |
City averages based on South Windsor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,015 |
| Total Monthly Debt Service | $1,854 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
2.04 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 1950
2.04 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Bergeron • LPT Realty - IConn Team
Mls Name: Smart MLS
Mls ID: #24112318