22 Papermill RoadSouth GlastonburyCT06073
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
Investment Highlights
Rental property for sale in South Glastonbury at 22 Papermill Road, South Glastonbury, CT, 06073 priced at $1,080,000 converts $7,266/mo rent into after a $5,286/mo obligation. Total monthly income equals $7,266/mo. Return on cash invested prints 20.12% in year one, and rental yield reads 8.07% against a $1,080,000 entry. Equity gained on principal adds $6,969/yr, while 5% annual appreciation compiles into $298,384 by year five. Five-year ROI reaches 104.7% and total cumulative return in cash sums $366,364. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,266/mo property income covering a $5,286/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06073, South Glastonbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,112 (100%) |
| Owner Occupied HU | 1,843 (87.3%) |
| Renter Occupied HU | 188 ( 8.9%) |
| Vacant Housing Units | 81 ( 3.8%) |
| Median Home Value | $568,878 |
| Average Home Value | $586,502 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,189
Multi-Family
0
Businesses
125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary L. Brummett • eXp Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24076518
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.