2 Julia Court #2Broad BrookCT06016
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 2 Julia Court #2, Broad Brook, CT, 06016 in Broad Brook is the 1.58 coverage ratio: rent of $1,815/mo versus a $1,147/mo debt payment on a $255,000 property. Rental yield 8.54%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $70,452 by year five, with $2,349/yr in equity from paydown. Total projected cumulative return: $83,471.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $(238) | $1,200 |
City averages based on Broad Brook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,815 |
| Total Monthly Debt Service | $1,951 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.