404 Elmwood Drive, Windsor Locks, CT, 06096 | $2/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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404 Elmwood Drive, Windsor Locks, CT, 06096 | $2/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Charming 3-4 bedroom Cape in a desirable neighborhood offering a flexible floor plan to fit your needs. The eat-in kitchen opens to a dining room or possible 4th bedroom with a large pantry/closet. Enjoy a sun-filled living room with modern finishes and hardwood floors throughout. The first-floor bedroom adds convenience, while the spacious primary bedroom upstairs offers ample closet space and an updated full bath with quartz countertop.Classic arched doorways and craftsman-style details highlight the home's character. The oversized detached garage features storage, a workbench, and a covered stone patio for relaxing outdoors. Easy highway access, close to shopping, and walking distance to Southwest Park. Move-in ready and full of charm!

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