362 Torrington RoadLitchfieldCT06759
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
Rental property for sale in Litchfield at 362 Torrington Road, Litchfield, CT, 06759 priced at $359,000 converts $3,524/mo rent into $1,085/mo cash flow after a $1,757/mo obligation. Total monthly income equals $3,524/mo, and annual cash flow totals $13,019/yr on $119,009 invested. Return on cash invested prints 30.85% in year one, and rental yield reads 11.78% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 162.29% and total cumulative return in cash sums $193,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,524/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06759, Litchfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 2,009 (68.4%) |
| Renter Occupied HU | 518 (17.6%) |
| Vacant Housing Units | 409 (13.9%) |
| Median Home Value | $518,458 |
| Average Home Value | $671,884 |
Housing Distribution
Address Breakdown
Residential
2,238
Single Family
2,164
Multi-Family
74
Businesses
455
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sondra Strubhar • Dave Jones Realty, LLC
Mls Name: Smart MLS
Mls ID: #24119514