320 Cedar StreetNewingtonCT06111
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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 320 Cedar Street, Newington, CT, 06111 priced at $319,900 pairs $3,101/mo rent with $927/mo cash flow after a $1,566/mo payment. Total monthly income equals $3,101/mo, and annual cash flow comes to $11,126/yr on $106,047 invested. Return on cash invested is 30.4% in year one, and rental yield stands at 11.63% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 159.93% and total cumulative return in cash reaches $169,604. For financing, Ziffy Mortgage’s DSCR program evaluates $3,101/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.30 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: Shannon McKinstry • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24123582