297 Babbitt RoadThomastonCT06787
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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 Thomaston at 297 Babbitt Road, Thomaston, CT, 06787 offers a 5.95% rental yield on a $374,900 purchase with $1,860/mo rent. 27% in year one. Equity gained on principal adds $2,419/yr while 5% annual appreciation supports $103,578 over five years. Portfolio math shows five-year ROI at 68.04% and total cumulative return in cash at $84,559. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06787, Thomaston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 2,467 (72.1%) |
| Renter Occupied HU | 767 (22.4%) |
| Vacant Housing Units | 189 ( 5.5%) |
| Median Home Value | $294,097 |
| Average Home Value | $359,392 |
Housing Distribution
Address Breakdown
Residential
3,274
Single Family
3,192
Multi-Family
82
Businesses
361
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Listed by: Mary Helen Levine • Mary Helen Levine Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24120569