236 Nicholson StreetNewingtonCT06111
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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
Rental property for sale in Newington at 236 Nicholson Street, Newington, CT, 06111 priced at $351,000 converts $2,600/mo rent into $215/mo cash flow after a $1,718/mo obligation. Total monthly income equals $2,600/mo, and annual cash flow totals $2,581/yr on $116,357 invested. Return on cash invested prints 22.13% in year one, and rental yield reads 8.89% against a $351,000 entry. Equity gained on principal adds $2,265/yr, while 5% annual appreciation compiles into $96,975 by year five. Five-year ROI reaches 115.57% and total cumulative return in cash sums $134,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,600/mo property income covering a $1,718/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Kiersty Kastner-Burr • ERA Hart Sargis-Breen
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093073
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.