31 Woodsedge Drive APT 1CNewingtonCT06111
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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 Newington at 31 Woodsedge Drive APT 1C, Newington, CT, 06111 generates $2,218/mo in rent and, after a $979/mo payment, leaves $508/mo in cash flow. Total monthly income is $2,218/mo, and annual cash flow is $6,096/yr on $66,300 invested. Return on cash invested sits at 29.1% in year one, and rental yield is 13.31% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 155.23% and total cumulative return in cash sums $102,920. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,218/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$351 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Alexandra Terlesky • Century 21 North East
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24132062
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.