2 Dickinson Court #2LitchfieldCT06759
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
Investment Highlights
Rental property for sale in Litchfield at 2 Dickinson Court #2, Litchfield, CT, 06759 priced at $525,000 converts $2,378/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,378/mo. Return on cash invested prints 11.8% in year one, and rental yield reads 5.44% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 60.11% and total cumulative return in cash sums $103,833. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,378/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06759, Litchfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 2,009 (68.4%) |
| Renter Occupied HU | 518 (17.6%) |
| Vacant Housing Units | 409 (13.9%) |
| Median Home Value | $518,458 |
| Average Home Value | $671,884 |
Housing Distribution
Address Breakdown
Residential
2,238
Single Family
2,164
Multi-Family
74
Businesses
455
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roland Leal • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24143059