39 Farmington Avenue #B4PlainvilleCT06062
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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 Plainville at 39 Farmington Avenue #B4, Plainville, CT, 06062 offers $1,670/mo rent that, after a $1,150/mo payment, leaves $74/mo cash flow. Total monthly income is $1,670/mo, and annual cash flow is $884/yr on $77,869 cash. Return on cash invested measures 21.04% in year one, and rental yield stands at 8.53% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 109.73% and total cumulative return in cash reaches $85,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,670/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06062, Plainville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,159 (100%) |
| Owner Occupied HU | 5,545 (68.0%) |
| Renter Occupied HU | 2,317 (28.4%) |
| Vacant Housing Units | 297 ( 3.6%) |
| Median Home Value | $334,254 |
| Average Home Value | $369,954 |
Housing Distribution
Address Breakdown
Residential
7,952
Single Family
7,474
Multi-Family
478
Businesses
880
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Listed by: Ryan Martin • Coldwell Banker Premier Real Estate
Mls Name: Smart MLS
Mls ID: #24139604