23 Elm RdTollandCT06084
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow23 Elm Rd, Tolland, CT, 06084 in Tolland is a top-tier cash-flow asset. At $409,900 it produces $3,640/mo in rent and $769/mo in net monthly income, a 10.41% gross rental yield. The DSCR of 1.98 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $9,232. Five-year appreciation adds $113,248, driving a total cumulative return of $211,568.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $769 | $400 |
City averages based on Tolland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,640 |
| Total Monthly Debt Service | $2,622 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06084, Tolland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,647 (100%) |
| Owner Occupied HU | 4,924 (87.2%) |
| Renter Occupied HU | 506 ( 9.0%) |
| Vacant Housing Units | 217 ( 3.8%) |
| Median Home Value | $393,338 |
| Average Home Value | $451,802 |
Housing Distribution
Address Breakdown
Residential
5,527
Single Family
5,465
Multi-Family
62
Businesses
378
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
Single Family
Built in 1977
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06084, Tolland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,647 (100%) |
| Owner Occupied HU | 4,924 (87.2%) |
| Renter Occupied HU | 506 ( 9.0%) |
| Vacant Housing Units | 217 ( 3.8%) |
| Median Home Value | $393,338 |
| Average Home Value | $451,802 |
Housing Distribution
Address Breakdown
Residential
5,527
Single Family
5,465
Multi-Family
62
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Riesbeck • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24094015
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.