245 Glendale DriveBristolCT06010
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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 Bristol at 245 Glendale Drive, Bristol, CT, 06010 uses $107,240 cash to close to unlock $1,072/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $2,287/mo, and a $1,583/mo payment keeps the spread at $89/mo. Purchase price stands at $323,500, and rental yield measures 8.48% with $2,287/mo rent. Return on cash invested shows 20.91% in year one, and 5% annual appreciation builds toward $89,377 over five years. Five-year ROI reaches 109.02% and total cumulative return in cash records $116,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,287/mo property income covering a $1,583/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06010, Bristol, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,698 (100%) |
| Owner Occupied HU | 16,830 (60.8%) |
| Renter Occupied HU | 9,356 (33.8%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $316,220 |
| Average Home Value | $341,970 |
Housing Distribution
Address Breakdown
Residential
27,024
Single Family
23,987
Multi-Family
3,037
Businesses
1,355
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Listed by: Scott A. Bayne • Century 21 Bay-Mar Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24116103
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.