19 Stonecress Lane #19GlastonburyCT06033
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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 Glastonbury at 19 Stonecress Lane #19, Glastonbury, CT, 06033 uses $82,875 cash to close to unlock $7,140/yr annual cash flow and $595/mo monthly cash flow. Total monthly income runs $2,294/mo, and a $1,224/mo payment keeps the spread at $595/mo. Purchase price stands at $250,000, and rental yield measures 11.01% with $2,294/mo rent. Return on cash invested shows 28.52% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 149.8% and total cumulative return in cash records $124,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,294/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06033, Glastonbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,474 (100%) |
| Owner Occupied HU | 9,378 (75.2%) |
| Renter Occupied HU | 2,564 (20.6%) |
| Vacant Housing Units | 532 ( 4.3%) |
| Median Home Value | $469,323 |
| Average Home Value | $514,305 |
Housing Distribution
Address Breakdown
Residential
12,266
Single Family
11,050
Multi-Family
1,216
Businesses
1,480
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Listed by: Lisa D. Daniels • ERA Blanchard & Rossetto
Mls Name: Smart MLS
Mls ID: #24129991