38 Willieb St #38GlastonburyCT06033
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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
Rental property for sale in Glastonbury at 38 Willieb St #38, Glastonbury, CT, 06033 priced at $230,000 converts $1,535/mo rent into after a $1,126/mo obligation. Total monthly income equals $1,535/mo. Return on cash invested prints 12.91% in year one, and rental yield reads 8.01% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 68.44% and total cumulative return in cash sums $52,183. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,535/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$417 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06033, Glastonbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,474 (100%) |
| Owner Occupied HU | 9,378 (75.2%) |
| Renter Occupied HU | 2,564 (20.6%) |
| Vacant Housing Units | 532 ( 4.3%) |
| Median Home Value | $469,323 |
| Average Home Value | $514,305 |
Housing Distribution
Address Breakdown
Residential
12,266
Single Family
11,050
Multi-Family
1,216
Businesses
1,480
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Listed by: Noah Gates • Real Broker CT, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24081615
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.