28 Wellington Dr UNIT 28FarmingtonCT06032
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
Investment Highlights
Investment property for sale in Farmington at 28 Wellington Dr UNIT 28, Farmington, CT, 06032 offers a 10.36% rental yield on a $219,000 purchase with $1,891/mo rent. 25% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 97.78% and total cumulative return in cash at $70,989. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,891/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$503 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wynne Lord • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24078115
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.