33 North Street #BTorringtonCT06756
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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 Torrington at 33 North Street #B, Torrington, CT, 06756 offers a 12.47% rental yield on a $225,000 purchase with $2,338/mo rent. Total monthly income registers $2,338/mo, and a $1,101/mo payment leaves $435/mo available for distribution. Annual cash flow reaches $5,214/yr on $74,588 to close, and return on cash invested stands at 26.9% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 143.34% and total cumulative return in cash at $106,917. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,338/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06756, Goshen, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,722 (100%) |
| Owner Occupied HU | 1,190 (69.1%) |
| Renter Occupied HU | 104 ( 6.0%) |
| Vacant Housing Units | 428 (24.9%) |
| Median Home Value | $528,488 |
| Average Home Value | $624,960 |
Housing Distribution
Address Breakdown
Residential
1,364
Single Family
1,364
Multi-Family
0
Businesses
82
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Listed by: Christine A. Hunter • Hunter Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131308
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.