2 Brickyard Road #3CFarmingtonCT06032
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.72, 2 Brickyard Road #3C, Farmington, CT, 06032 in Farmington sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.29%. The 9.29% yield is backed by 5% annual appreciation projecting $55,229 in value gain, plus $1,841/yr in principal reduction. Total projected cumulative return: $88,562.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.0% |
| Monthly Cash Flow | $(164) | $1,500 |
City averages based on Farmington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,548 |
| Total Monthly Debt Service | $1,279 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24163008