24 West Road APT 44EllingtonCT06029
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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 44, Ellington, CT, 06029 uses $53,040 cash to close to unlock $1,536/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,215/mo, and a $783/mo payment keeps the spread at $128/mo. Purchase price stands at $159,999, and rental yield measures 9.11% with $1,215/mo rent. Return on cash invested shows 22.8% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 119.17% and total cumulative return in cash records $63,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,215/mo property income covering a $783/mo payment rather than investor’s personal income.
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
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Listed by: Lyle Rotondo • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24132858