37 Stevens Boulevard #37ThomastonCT06787
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 37 Stevens Boulevard #37, Thomaston, CT, 06787 in Thomaston fits: $449,900, 2.4% gross yield, and a projected 5% annual appreciation rate adding $124,299 in value within five years. Rental yield 2.4%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.44) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,144/yr in principal paydown and $124,299 in appreciation project a total return of $33,027.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 5.2% |
| Monthly Cash Flow | $(2,432) | $300 |
City averages based on Thomaston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $900 |
| Total Monthly Debt Service | $2,878 |
| DSCR Ratio | 0.31x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06787, Thomaston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 2,467 (72.1%) |
| Renter Occupied HU | 767 (22.4%) |
| Vacant Housing Units | 189 ( 5.5%) |
| Median Home Value | $294,097 |
| Average Home Value | $359,392 |
Housing Distribution
Address Breakdown
Residential
3,274
Single Family
3,192
Multi-Family
82
Businesses
361
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
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06787, Thomaston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 2,467 (72.1%) |
| Renter Occupied HU | 767 (22.4%) |
| Vacant Housing Units | 189 ( 5.5%) |
| Median Home Value | $294,097 |
| Average Home Value | $359,392 |
Housing Distribution
Address Breakdown
Residential
3,274
Single Family
3,192
Multi-Family
82
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24154480