18 Banks RoadSimsburyCT06070
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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
Investment property for sale in Simsbury at 18 Banks Road, Simsbury, CT, 06070 with 5% annual appreciation on a $530,000 basis while $4,600/mo rent supports operations. Total monthly income totals $4,600/mo and a $2,594/mo payment preserves $999/mo for cash returns. Annual cash flow comes to $11,988/yr on $174,370 deployed, and return on cash invested reaches 26.94% in year one. Equity gained on principal adds $3,420/yr, and five-year appreciation sums $146,429 alongside rental yield of 10.42%. Five-year ROI measures 141.28% and total cumulative return in cash totals $246,355.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,600/mo property income versus a $2,594/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06070, Simsbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,392 (100%) |
| Owner Occupied HU | 4,957 (77.6%) |
| Renter Occupied HU | 1,182 (18.5%) |
| Vacant Housing Units | 253 ( 4.0%) |
| Median Home Value | $463,263 |
| Average Home Value | $503,236 |
Housing Distribution
Address Breakdown
Residential
6,279
Single Family
6,041
Multi-Family
238
Businesses
515
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Listed by: Linda C. Frankl • KW Legacy Partners
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24108700
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.