24 West Road APT 20EllingtonCT06029
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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 Ellington at 24 West Road APT 20, Ellington, CT, 06029 with 5% annual appreciation on a $142,000 basis while $1,406/mo rent supports operations. Total monthly income totals $1,406/mo and a $695/mo payment preserves $231/mo for cash returns. Annual cash flow comes to $2,774/yr on $47,073 deployed, and return on cash invested reaches 25.8% in year one. Equity gained on principal adds $916/yr, and five-year appreciation sums $39,232 alongside rental yield of 11.88%. Five-year ROI measures 137.26% and total cumulative return in cash totals $64,610.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,406/mo property income versus a $695/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1986
N/A lot
$N/A/sqft
$210 monthly 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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Listed by: Lyle Rotondo • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093692
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.