248 Annelise AvenueSouthingtonCT06489
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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
Rental property for sale in Southington at 248 Annelise Avenue, Southington, CT, 06489 priced at $699,999 converts $5,116/mo rent into $360/mo cash flow after a $3,426/mo obligation. Total monthly income equals $5,116/mo, and annual cash flow totals $4,320/yr on $230,300 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 8.77% against a $699,999 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 114.47% and total cumulative return in cash sums $263,619. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,116/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 1986
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
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Listed by: Maryann Stanley • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls ID: #24124805