19 Wiggins Farm Drive #FSimsburyCT06070
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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 Simsbury at 19 Wiggins Farm Drive #F, Simsbury, CT, 06070 priced at $244,900 pairs $1,753/mo rent with $89/mo cash flow after a $1,199/mo payment. Total monthly income equals $1,753/mo, and annual cash flow comes to $1,064/yr on $81,184 invested. Return on cash invested is 21.22% in year one, and rental yield stands at 8.59% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 110.69% and total cumulative return in cash reaches $89,861. For financing, Ziffy Mortgage’s DSCR program evaluates $1,753/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1983
N/A 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: Melissa Carman • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24118976