41 Spring StreetWillimanticCT06226
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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 Willimantic at 41 Spring Street, Willimantic, CT, 06226 uses $124,313 cash to close to unlock $9,870/yr annual cash flow and $823/mo monthly cash flow. Total monthly income runs $3,370/mo, and a $1,835/mo payment keeps the spread at $823/mo. Purchase price stands at $375,000, and rental yield measures 10.78% with $3,370/mo rent. Return on cash invested shows 27.85% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 146.22% and total cumulative return in cash records $181,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,370/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Multi Family
Built in 1860
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Housing Distribution
Address Breakdown
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
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Listed by: Stephen Galinat • Home Selling Team
Mls Name: Smart MLS
Mls ID: #24089620