279 Main StreetTorringtonCT06790
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 279 Main Street, Torrington, CT, 06790 in Torrington hard to pass up. The 10.56% gross yield on a $279,900 purchase results in $2,462/mo in rent and $561/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.96). Annual cash flow of $6,727, five-year appreciation of $77,331, and $2,578/yr in equity build-up combine for a projected total cumulative return of $142,936.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.2% |
| Monthly Cash Flow | $561 | $450 |
City averages based on Torrington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,462 |
| Total Monthly Debt Service | $1,790 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Gioia • The Washington Agency
Mls Name: Smart MLS
Mls ID: #24128467