29 Kathleen Drive APT 1BWillimanticCT06226
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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 Drive APT 1B, Willimantic, CT, 06226 offers $2,360/mo rent that, after a $1,003/mo payment, leaves $669/mo cash flow. Total monthly income is $2,360/mo, and annual cash flow is $8,022/yr on $67,958 cash. Return on cash invested measures 31.71% in year one, and rental yield stands at 13.81% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 168.89% and total cumulative return in cash reaches $114,774. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,360/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and 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: Leslie Tapia-Bernal • Northwest CT Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24121123
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.