29 Middle TurnpikeMansfieldCT06268
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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 Mansfield at 29 Middle Turnpike, Mansfield, CT, 06268 priced at $145,000 converts $1,124/mo rent into $116/mo cash flow after a $710/mo obligation. Total monthly income equals $1,124/mo, and annual cash flow totals $1,395/yr on $48,068 invested. Return on cash invested prints 22.81% in year one, and rental yield reads 9.3% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 119.47% and total cumulative return in cash sums $57,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,124/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1850
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06268, Storrs Mansfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,614 (100%) |
| Owner Occupied HU | 2,028 (44.0%) |
| Renter Occupied HU | 2,071 (44.9%) |
| Vacant Housing Units | 515 (11.2%) |
| Median Home Value | $362,124 |
| Average Home Value | $387,401 |
Housing Distribution
Address Breakdown
Residential
4,325
Single Family
3,472
Multi-Family
853
Businesses
266
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Listed by: Adam Zak • Century 21 Classic Homes
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24098846
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