34 Cortland Way #34NewingtonCT06111
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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 34 Cortland Way #34, Newington, CT, 06111 listed at $336,000 pairs $2,720/mo rent with a $1,645/mo payment to leave $174/mo cash flow. Total monthly income runs $2,720/mo, and annual cash flow reaches $2,083/yr on $111,384 cash to close. Return on cash invested measures 21.78% in year one, and rental yield registers 9.71% at a $336,000 basis. Equity gained on principal adds $2,168/yr, and annual property appreciation at 5% supports $92,831 by year five. Five-year ROI tracks 114.7% and total cumulative return in cash totals $127,762. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,720/mo property income relative to a $1,645/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
N/A lot
$N/A/sqft
$263 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: Monica Yoder • Century 21 Clemens Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24111470
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.