32 Cherry Hill DriveNewingtonCT06111
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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 Newington at 32 Cherry Hill Drive, Newington, CT, 06111 earns $1,039/mo cash flow from $3,485/mo rent with a $1,762/mo payment. Total monthly income totals $3,485/mo, and annual cash flow totals $12,470/yr on $119,307 capital. ROI tracks 30.36% on current figures, and rental yield reads 11.62% at a $359,900 purchase. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 over five years. Five-year ROI reaches 159.71% and total cumulative return in cash sums $190,550. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,485/mo property income instead of your personal income.
Single Family
Built in 1951
0.40 Acres lot
$N/A/sqft
No 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: Alana Wall-Galvin • Suburban Homes & Condos
Mls Name: Smart MLS
Mls ID: #24124017