2 Butternut Drive #2GlastonburyCT06033
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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 2 Butternut Drive #2, Glastonbury, CT, 06033 uses $91,129 cash to close to unlock $56/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,346/mo payment keeps the spread at $5/mo. Purchase price stands at $274,900, and rental yield measures 8.17% with $1,872/mo rent. Return on cash invested shows 19.97% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 103.98% and total cumulative return in cash records $94,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1978
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: Tyler S. Phelps • eXp Realty
Mls Name: Smart MLS
Mls ID: #24145957