2 Julia Court #2Broad BrookCT06016
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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 Broad Brook at 2 Julia Court #2, Broad Brook, CT, 06016 priced at $255,000 converts $1,815/mo rent into after a $1,248/mo obligation. Total monthly income equals $1,815/mo. Return on cash invested prints 16.54% in year one, and rental yield reads 8.54% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 87.23% and total cumulative return in cash sums $73,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,815/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06016, Broad Brook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,989 (66.5%) |
| Renter Occupied HU | 824 (27.6%) |
| Vacant Housing Units | 177 ( 5.9%) |
| Median Home Value | $361,124 |
| Average Home Value | $373,009 |
Housing Distribution
Address Breakdown
Residential
2,771
Single Family
2,327
Multi-Family
444
Businesses
115
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Listed by: Lauren M. Spina • William Pitt Sotheby's Internatiomal Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24123349
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.