185 Foote RoadSouth GlastonburyCT06073
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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 South Glastonbury at 185 Foote Road, South Glastonbury, CT, 06073 uses $99,417 cash to close to unlock $12,986/yr annual cash flow and $1,082/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,468/mo payment keeps the spread at $1,082/mo. Purchase price stands at $299,900, and rental yield measures 12.48% with $3,120/mo rent. Return on cash invested shows 32.97% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 173.71% and total cumulative return in cash records $172,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1783
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06073, South Glastonbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,112 (100%) |
| Owner Occupied HU | 1,843 (87.3%) |
| Renter Occupied HU | 188 ( 8.9%) |
| Vacant Housing Units | 81 ( 3.8%) |
| Median Home Value | $568,878 |
| Average Home Value | $586,502 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,189
Multi-Family
0
Businesses
125
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Listed by: Jeffrey R. Anderson • William Pitt Sotheby's International Realty
Mls Name: Smart MLS
Mls ID: #24129270