4 Locust Lane #4FarmingtonCT06032
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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 Farmington at 4 Locust Lane #4, Farmington, CT, 06032 uses $112,677 cash to close to unlock $8,054/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $2,981/mo, and a $1,664/mo payment keeps the spread at $671/mo. Purchase price stands at $339,900, and rental yield measures 10.52% with $2,981/mo rent. Return on cash invested shows 27.06% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 141.99% and total cumulative return in cash records $159,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,981/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
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Listed by: Mark Riesbeck • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24125018