345 Main StreetFarmingtonCT06032
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Farmington at 345 Main Street, Farmington, CT, 06032 at $769,900 posts ROI 20.13% with $14/mo cash flow from $5,245/mo rent. Total monthly income equals $5,245/mo, and annual cash flow records $170/yr on $253,297 to close. Return on cash invested measures 20.13% and rental yield reads 8.18% at the current $769,900. Equity gained on principal adds $4,968/yr, and 5% annual appreciation supports $212,709 by year five. Five-year ROI prints 104.79% and total cumulative return in cash totals $265,441.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,245/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
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Listed by: Chloe N. White • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24117187