363 Fairlawn DriveTorringtonCT06790
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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 363 Fairlawn Drive, Torrington, CT, 06790 uses $143,540 cash to close to unlock $15,316/yr annual cash flow and $1,276/mo monthly cash flow. Total monthly income runs $4,218/mo, and a $2,119/mo payment keeps the spread at $1,276/mo. Purchase price stands at $433,000, and rental yield measures 11.69% with $4,218/mo rent. Return on cash invested shows 30.58% in year one, and 5% annual appreciation builds toward $119,630 over five years. Five-year ROI reaches 160.87% and total cumulative return in cash records $230,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,218/mo property income covering a $2,119/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06790, Torrington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,177 (100%) |
| Owner Occupied HU | 10,221 (59.5%) |
| Renter Occupied HU | 5,550 (32.3%) |
| Vacant Housing Units | 1,406 ( 8.2%) |
| Median Home Value | $205,021 |
| Average Home Value | $290,346 |
Housing Distribution
Address Breakdown
Residential
16,273
Single Family
14,829
Multi-Family
1,444
Businesses
1,355
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Listed by: Sandy Kerr • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093294
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.