200 Mechanic StKillinglyCT06239
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 200 Mechanic St, Killingly, CT, 06239 in Killingly worth modelling. At $285,000 with a 8.34% gross yield, the $2,301/mo rent leaves $45/mo after the $1,282/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.79 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $78,740 by year five; $2,625/yr in principal reduction adds further equity. Total projected return: $132,275.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $45 | $1,200 |
City averages based on Killingly market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,301 |
| Total Monthly Debt Service | $1,823 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1870
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06239, Danielson, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,234 (100%) |
| Owner Occupied HU | 3,286 (62.8%) |
| Renter Occupied HU | 1,671 (31.9%) |
| Vacant Housing Units | 277 ( 5.3%) |
| Median Home Value | $314,831 |
| Average Home Value | $382,427 |
Housing Distribution
Address Breakdown
Residential
4,614
Single Family
4,407
Multi-Family
207
Businesses
292
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
Single Family
Built in 1870
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06239, Danielson, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,234 (100%) |
| Owner Occupied HU | 3,286 (62.8%) |
| Renter Occupied HU | 1,671 (31.9%) |
| Vacant Housing Units | 277 ( 5.3%) |
| Median Home Value | $314,831 |
| Average Home Value | $382,427 |
Housing Distribution
Address Breakdown
Residential
4,614
Single Family
4,407
Multi-Family
207
Businesses
292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kara A. Mazzola • First Choice Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24091490
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.