30 Elgin DriveTollandCT06084
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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 Tolland at 30 Elgin Drive, Tolland, CT, 06084 offers $2,582/mo rent that, after a $1,957/mo payment. Total monthly income is $2,582/mo. Return on cash invested measures 18.69% in year one, and rental yield stands at 7.75% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 97.12% and total cumulative return in cash reaches $128,744. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,582/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06084, Tolland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,647 (100%) |
| Owner Occupied HU | 4,924 (87.2%) |
| Renter Occupied HU | 506 ( 9.0%) |
| Vacant Housing Units | 217 ( 3.8%) |
| Median Home Value | $393,338 |
| Average Home Value | $451,802 |
Housing Distribution
Address Breakdown
Residential
5,527
Single Family
5,465
Multi-Family
62
Businesses
378
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Listed by: Mary R. Mercer • Executive Real Estate Inc.
Mls Name: Smart MLS
Mls ID: #24141607