30 South RdSouthingtonCT06489
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 30 South Rd, Southington, CT, 06489 in Southington achieves 1.69, rent of $1,511/mo covers the $895/mo payment 1.5x over at $199,000. Rental yield 9.11%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $54,980 over five years, with $1,833/yr in principal reduction bringing total projected return to $51,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.2% |
| Monthly Cash Flow | $(418) | $250 |
City averages based on Southington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,511 |
| Total Monthly Debt Service | $1,850 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
$577 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2023
N/A lot
$N/A/sqft
$577 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christina E. Bates • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24083530
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.