24 West Road APT 40EllingtonCT06029
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 24 West Road APT 40, Ellington, CT, 06029 in Ellington at $149,900 earns $1,164/mo in rent and nets $146/mo after the $674/mo payment, a 9.32% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,415 over five years. Ziffy Mortgage underwrites this on a 1.73 DSCR without U.S. credit history. With $1,381/yr in principal paydown, total projected return reaches $66,659.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 5.5% |
| Monthly Cash Flow | $146 | $200 |
City averages based on Ellington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,164 |
| Total Monthly Debt Service | $959 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
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
Nearby investment properties with comparable rents
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
Condo
Built in 1987
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tricia A. Schuiten • Realty Connection
Mls Name: Smart MLS
Mls ID: #24121352