29 Kathleen Dr APT 9DWillimanticCT06226
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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
Rental property for sale in Willimantic at 29 Kathleen Dr APT 9D, Willimantic, CT, 06226 priced at $150,000 pairs $1,755/mo rent with $406/mo cash flow after a $734/mo payment. Total monthly income equals $1,755/mo, and annual cash flow comes to $4,867/yr on $49,725 invested. Return on cash invested is 29.7% in year one, and rental yield stands at 14.04% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 159.05% and total cumulative return in cash reaches $79,086. For financing, Ziffy Mortgage’s DSCR program evaluates $1,755/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
$299 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Housing Distribution
Address Breakdown
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
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Listed by: Bud Bowes • RE/MAX on the Bay
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090557
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.