21 Chestnut RoadNewingtonCT06111
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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 Newington at 21 Chestnut Road, Newington, CT, 06111 offers a 10.67% rental yield on a $369,900 purchase with $3,290/mo rent. Total monthly income registers $3,290/mo, and a $1,810/mo payment leaves $777/mo available for distribution. Annual cash flow reaches $9,326/yr on $122,622 to close, and return on cash invested stands at 27.51% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 144.44% and total cumulative return in cash at $177,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,290/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Michele M. Devanney • ERA Hart Sargis-Breen
Mls Name: Smart MLS
Mls ID: #24146498