188 Sterling Drive #188NewingtonCT06111
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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 Newington at 188 Sterling Drive #188, Newington, CT, 06111 offers a 9.15% rental yield on a $570,000 purchase with $4,348/mo rent. Total monthly income registers $4,348/mo, and a $2,790/mo payment leaves $100/mo available for distribution. Annual cash flow reaches $1,200/yr on $187,530 to close, and return on cash invested stands at 20.7% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 108.71% and total cumulative return in cash at $203,869. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,348/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Ryan De Lello • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24110480
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.