2 Skyline Drive #2North WindhamCT06256
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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 North Windham at 2 Skyline Drive #2, North Windham, CT, 06256 priced at $279,000 pairs $3,012/mo rent with $1,033/mo cash flow after a $1,366/mo payment. Total monthly income equals $3,012/mo, and annual cash flow comes to $12,395/yr on $92,489 invested. Return on cash invested is 33.31% in year one, and rental yield stands at 12.95% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 175.88% and total cumulative return in cash reaches $162,667. For financing, Ziffy Mortgage’s DSCR program evaluates $3,012/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
$83 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06256, North Windham, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,307 (100%) |
| Owner Occupied HU | 858 (65.6%) |
| Renter Occupied HU | 388 (29.7%) |
| Vacant Housing Units | 61 ( 4.7%) |
| Median Home Value | $177,206 |
| Average Home Value | $201,369 |
Housing Distribution
Address Breakdown
Residential
1,038
Single Family
1,038
Multi-Family
0
Businesses
120
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Listed by: Lea Borgne • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092438
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.