204 N Main StThomastonCT06787
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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
Investment property for sale in Thomaston at 204 N Main St, Thomaston, CT, 06787 uses $95,770 cash to close to unlock $8,557/yr annual cash flow and $713/mo monthly cash flow. Total monthly income runs $2,676/mo, and a $1,414/mo payment keeps the spread at $713/mo. Purchase price stands at $288,900, and rental yield measures 11.12% with $2,676/mo rent. Return on cash invested shows 28.84% in year one, and 5% annual appreciation builds toward $79,818 over five years. Five-year ROI reaches 151.61% and total cumulative return in cash records $145,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,676/mo property income covering a $1,414/mo payment rather than investor’s personal income.
Single Family
Built in 1840
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06787, Thomaston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 2,467 (72.1%) |
| Renter Occupied HU | 767 (22.4%) |
| Vacant Housing Units | 189 ( 5.5%) |
| Median Home Value | $294,097 |
| Average Home Value | $359,392 |
Housing Distribution
Address Breakdown
Residential
3,274
Single Family
3,192
Multi-Family
82
Businesses
361
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