202 Reed Avenue, Windsor Locks, CT, 06096 | $24/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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202 Reed Avenue, Windsor Locks, CT, 06096 | $24/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Windsor Locks at 202 Reed Avenue, Windsor Locks, CT, 06096 priced at $249,900 pairs $1,722/mo rent with $24/mo cash flow after a $1,223/mo payment. Total monthly income equals $1,722/mo, and annual cash flow comes to $290/yr on $82,842 invested. Return on cash invested is 20.26% in year one, and rental yield stands at 8.27% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 105.56% and total cumulative return in cash reaches $87,446. For financing, Ziffy Mortgage’s DSCR program evaluates $1,722/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1959

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Original owner ranch with great bones and endless potential! This 3-bedroom, 1-bath home sits on a corner lot bordering Noden Reed Park, offering a peaceful, scenic setting. The charming eat-in kitchen provides a functional space for meals, and the original hardwood floors tucked under the carpet are just waiting to be revealed. The home features hot air natural gas heat, and the existing duct-work makes adding central air easy. A carport adds the convenience of covered parking, and the oversized paved driveway provides space for additional vehicles. The unfinished basement includes laundry, a full custom-built workbench, and plenty of storage shelves, excellent space for projects and organization. Sold "as-is" with pricing reflecting its condition, this classic Windsor Locks ranch is perfect for buyers ready to bring their ideas and make it their own.

Neighborhood Data

Neighborhood data shown for ZIP Code: 06096, Windsor Locks, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,965 (100%)
Owner Occupied HU	4,201 (70.4%)
Renter Occupied HU	1,533 (25.7%)
Vacant Housing Units	231 ( 3.9%)
Median Home Value	$302,712
Average Home Value	$318,641