22 Park StreetThomastonCT06787
Nearby investment properties with comparable rents
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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 22 Park Street, Thomaston, CT, 06787 earns $720/mo cash flow from $3,369/mo rent with a $1,908/mo payment. Total monthly income totals $3,369/mo, and annual cash flow totals $8,642/yr on $129,252 capital. ROI tracks 26.6% on current figures, and rental yield reads 10.37% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 139.51% and total cumulative return in cash sums $180,325. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,369/mo property income instead of your personal income.
Multi Family
Built in 1930
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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Listed by: Bethany Lydem • Stone Crest Realty LLC
Mls Name: Smart MLS
Mls ID: #24128436