366 Ash Street APT 12WillimanticCT06226
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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 Willimantic at 366 Ash Street APT 12, Willimantic, CT, 06226 offers a 8.39% rental yield on a $200,000 purchase with $1,398/mo rent. Total monthly income registers $1,398/mo, and a $979/mo payment leaves $39/mo available for distribution. Annual cash flow reaches $468/yr on $66,300 to close, and return on cash invested stands at 20.61% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 107.41% and total cumulative return in cash at $71,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,398/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Housing Distribution
Address Breakdown
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
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Listed by: Clarence P. Russ • Home Selling Team
Mls Name: Smart MLS
Mls ID: #24147644