259 Cottonwood RoadNewingtonCT06111
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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 Newington at 259 Cottonwood Road, Newington, CT, 06111 uses $84,499 cash to close to unlock $1,292/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $2,266/mo, and a $1,248/mo payment keeps the spread at $108/mo. Purchase price stands at $254,900, and rental yield measures 10.67% with $2,266/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash records $96,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,266/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$426 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Richard J. Yaconiello • Cornerstone Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24107327
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.