21 Merrigan Lane #21, Windsor Locks, CT, 06096 | 6.1% Rental Yield

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21 Merrigan Lane #21, Windsor Locks, CT, 06096 | 6.1% Rental Yield | Ziffy

For Sale

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

Investment property for sale in Windsor Locks at 21 Merrigan Lane #21, Windsor Locks, CT, 06096 offers a 6.1% rental yield on a $379,900 purchase with $1,930/mo rent. 71% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 70.41% and total cumulative return in cash at $88,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,930/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2004

N/A lot

$N/A/sqft

No HOA

More details about the property

Condo convinces with single family living. Step inside the spacious foyer and it opens to the generously sized living room. Off to the side you will find the bright and airy eat in kitchen. At the front of the house is the primary bedroom with a full bath and walk in closet. On the far side is the second bedroom a full bath and the main floor laundry. Down the stairs in the basement there is a large finished space with a third full bath. Also in the basement there is a large, finished storage space and a flexible unfinished space. Back upstairs and out the sliding doors in the dining room is your deck and patio perfect enjoying the outdoors.

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