404 Elmwood DriveWindsor LocksCT06096
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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
Investment Highlights
Rental property for sale in Windsor Locks at 404 Elmwood Drive, Windsor Locks, CT, 06096 priced at $300,000 converts $2,040/mo rent into $2/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $24/yr on $99,450 invested. Return on cash invested prints 19.93% in year one, and rental yield reads 8.16% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 103.75% and total cumulative return in cash sums $103,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06096, Windsor Locks, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,201 (70.4%) |
| Renter Occupied HU | 1,533 (25.7%) |
| Vacant Housing Units | 231 ( 3.9%) |
| Median Home Value | $302,712 |
| Average Home Value | $318,641 |
Housing Distribution
Address Breakdown
Residential
5,714
Single Family
5,089
Multi-Family
625
Businesses
597
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Listed by: Amber L. Alcazar • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146344