30 Southgate Drive #30South GlastonburyCT06073
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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 South Glastonbury at 30 Southgate Drive #30, South Glastonbury, CT, 06073 listed at $383,900 pairs $3,120/mo rent with a $1,879/mo payment to leave $512/mo cash flow. Total monthly income runs $3,120/mo, and annual cash flow reaches $6,139/yr on $127,263 cash to close. Return on cash invested measures 24.73% in year one, and rental yield registers 9.75% at a $383,900 basis. Equity gained on principal adds $2,477/yr, and annual property appreciation at 5% supports $106,064 by year five. Five-year ROI tracks 129.5% and total cumulative return in cash totals $164,809. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,120/mo property income relative to a $1,879/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06073, South Glastonbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,112 (100%) |
| Owner Occupied HU | 1,843 (87.3%) |
| Renter Occupied HU | 188 ( 8.9%) |
| Vacant Housing Units | 81 ( 3.8%) |
| Median Home Value | $568,878 |
| Average Home Value | $586,502 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,189
Multi-Family
0
Businesses
125
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Listed by: Toni R. Strain • Carol Cole Real Estate, LLC
Mls Name: Smart MLS
Mls ID: #24131899