24 Folkstone Rd APT DBroad BrookCT06016
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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 Broad Brook at 24 Folkstone Rd APT D, Broad Brook, CT, 06016 with 5% annual appreciation on a $255,000 basis while $1,802/mo rent supports operations. 74% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 8.48%. Five-year ROI measures 88.15% and total cumulative return in cash totals $74,516. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,802/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
N/A lot
$N/A/sqft
$293 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06016, Broad Brook, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,990 (100%) |
| Owner Occupied HU | 1,989 (66.5%) |
| Renter Occupied HU | 824 (27.6%) |
| Vacant Housing Units | 177 ( 5.9%) |
| Median Home Value | $361,124 |
| Average Home Value | $373,009 |
Housing Distribution
Address Breakdown
Residential
2,771
Single Family
2,327
Multi-Family
444
Businesses
115
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Listed by: Patty Kilpatrick • ERA Blanchard & Rossetto
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079093
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