23 South Elm Street, Windsor Locks, CT, 06096 | $616/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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23 South Elm Street, Windsor Locks, CT, 06096 | $616/mo Cash Flow | 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

Rental property for sale in Windsor Locks at 23 South Elm Street, Windsor Locks, CT, 06096 offers $2,994/mo rent that, after a $1,713/mo payment, leaves $616/mo cash flow. Total monthly income is $2,994/mo, and annual cash flow is $7,394/yr on $115,992 cash. Return on cash invested measures 26.28% in year one, and rental yield stands at 10.27% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 137.86% and total cumulative return in cash reaches $159,906. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,994/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

0.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Custom-built mid-century ranch offers 1,646 sq ft on the main level with a classic design, including a covered front entry with pillars and a flat roof, and a two car attached garage. Inside, you'll find a large eat-in kitchen with refaced cabinets, vinyl flooring, and Formica countertops. Formal Dining room has a French door leading to a deck and concrete patio. The living room features Palladian-style windows that bring in natural light. There are three bedrooms, including a primary with an attached half bath. The full bathroom has been recently remodeled and includes a walk-in shower. The lower level adds 374 sq ft of finished space, with plenty of storage and a hatchway to the backyard. Lower level has a built-in shelter/bug out room! Complete with bunks, a concrete ceiling, and a built in safe. The home is constructed completely with concrete-filled masonry block (2,000 Total!). Andersen thermal windows have been updated throughout, and the rubber roof is relatively new. The backyard has a park-like feel with three sheds all with power and concrete floors, a wooden deck, a concrete patio, gardens, and mature trees. This home has been well cared for by the original owner, is beyond solid, is in great condition, and is being sold "as-is".

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