27 Chiltern StreetFarmingtonCT06032
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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 Farmington at 27 Chiltern Street, Farmington, CT, 06032 uses $294,455 cash to close to unlock $7,862/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $6,870/mo, and a $4,381/mo payment keeps the spread at $655/mo. Purchase price stands at $895,000, and rental yield measures 9.21% with $6,870/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 118.94% and total cumulative return in cash records $350,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,870/mo property income covering a $4,381/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.35 Acres lot
$N/A/sqft
$1,600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
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Listed by: Christy Muller • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097975
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.