24 Maple StreetTorringtonCT06790
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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 Torrington at 24 Maple Street, Torrington, CT, 06790 priced at $262,000 converts $2,105/mo rent into $325/mo cash flow after a $1,282/mo obligation. Total monthly income equals $2,105/mo, and annual cash flow totals $3,902/yr on $86,853 invested. Return on cash invested prints 24.4% in year one, and rental yield reads 9.64% against a $262,000 entry. Equity gained on principal adds $1,691/yr, while 5% annual appreciation compiles into $72,386 by year five. Five-year ROI reaches 127.79% and total cumulative return in cash sums $110,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,105/mo property income covering a $1,282/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
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Listed by: Balvin Wright • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24099976
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.