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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Willimantic at 222 Southridge Drive, Willimantic, CT, 06226 priced at $244,000 converts $1,757/mo rent into $99/mo cash flow after a $1,194/mo obligation. Total monthly income equals $1,757/mo, and annual cash flow totals $1,193/yr on $80,886 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 8.64% against a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation compiles into $67,413 by year five. Five-year ROI reaches 111.56% and total cumulative return in cash sums $90,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,757/mo property income covering a $1,194/mo payment, not borrower’s personal income.
Single Family
Built in 1985
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Taylor Gildein • Re/Max Results
Mls Name: Smart MLS
Mls ID: #24115952
