24 West Road APT 2EllingtonCT06029
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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
Investment Highlights
Investment property for sale in Ellington at 24 West Road APT 2, Ellington, CT, 06029 earns $126/mo cash flow from $1,179/mo rent with a $759/mo payment. Total monthly income totals $1,179/mo, and annual cash flow totals $1,506/yr on $51,383 capital. ROI tracks 22.84% on current figures, and rental yield reads 9.13% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 119.39% and total cumulative return in cash sums $61,348. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,179/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06029, Ellington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,044 (100%) |
| Owner Occupied HU | 4,614 (65.5%) |
| Renter Occupied HU | 2,097 (29.8%) |
| Vacant Housing Units | 333 ( 4.7%) |
| Median Home Value | $390,193 |
| Average Home Value | $432,805 |
Housing Distribution
Address Breakdown
Residential
6,931
Single Family
6,839
Multi-Family
92
Businesses
306
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Nearby investment properties with comparable prices
Listed by: SCIARRA MOK TEAM AT BERKSHIRE HATHAWAY HOMESERVICES NEW ENGLAND PROPERTIES • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24110863