285 Queen Street #4BSouthingtonCT06489
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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 Southington at 285 Queen Street #4B, Southington, CT, 06489 offers a 11.21% rental yield on a $288,000 purchase with $2,690/mo rent. Total monthly income registers $2,690/mo, and a $1,410/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,834/yr on $95,472 to close, and return on cash invested stands at 24.97% in year one. Equity gained on principal adds $1,858/yr while 5% annual appreciation supports $79,569 over five years. Portfolio math shows five-year ROI at 132.29% and total cumulative return in cash at $126,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,690/mo property income against a $1,410/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
$330 monthly 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: Alexandra Terlesky • Century 21 North East
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131395
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.