352 Carter LaneSouthingtonCT06489
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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 Southington at 352 Carter Lane, Southington, CT, 06489 listed at $389,900 pairs $2,687/mo rent with a $1,908/mo payment to leave $38/mo cash flow. Total monthly income runs $2,687/mo, and annual cash flow reaches $458/yr on $129,252 cash to close. Return on cash invested measures 20.26% in year one, and rental yield registers 8.27% at a $389,900 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,722 by year five. Five-year ROI tracks 105.55% and total cumulative return in cash totals $136,429. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,687/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1908
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
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Listed by: Marsha Penna • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24149429