3 Ferland DriveKillinglyCT06241
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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 Killingly at 3 Ferland Drive, Killingly, CT, 06241 offers $2,702/mo rent that, after a $1,463/mo payment, leaves $671/mo cash flow. Total monthly income is $2,702/mo, and annual cash flow is $8,051/yr on $99,119 cash. Return on cash invested measures 28.03% in year one, and rental yield stands at 10.84% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 147.19% and total cumulative return in cash reaches $145,894. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,702/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06241, Dayville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 2,152 (68.7%) |
| Renter Occupied HU | 621 (19.8%) |
| Vacant Housing Units | 361 (11.5%) |
| Median Home Value | $381,858 |
| Average Home Value | $391,199 |
Housing Distribution
Address Breakdown
Residential
2,594
Single Family
2,537
Multi-Family
57
Businesses
226
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Listed by: Skyla Gagnon • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls ID: #24142282