17 Hidden Oak DriveFarmingtonCT06032
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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
Investment Highlights
Rental property for sale in Farmington at 17 Hidden Oak Drive, Farmington, CT, 06032 offers $6,870/mo rent that, after a $4,694/mo payment, leaves $354/mo cash flow. Total monthly income is $6,870/mo, and annual cash flow is $4,247/yr on $315,511 cash. Return on cash invested measures 21.41% in year one, and rental yield stands at 8.6% at a $959,000 entry. Equity gained on principal adds $6,188/yr while 5% annual appreciation compounds into $264,954 by year five. Five-year ROI records 111.63% and total cumulative return in cash reaches $352,195. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,870/mo property income versus a $4,694/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.65 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
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Listed by: Cindy D. Gaioni • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24113099
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.