44 Tolland Avenue APT 60Stafford SpringsCT06076
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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 Stafford Springs at 44 Tolland Avenue APT 60, Stafford Springs, CT, 06076 offers $2,181/mo rent that, after a $1,077/mo payment, leaves $318/mo cash flow. Total monthly income is $2,181/mo, and annual cash flow is $3,816/yr on $72,930 cash. Return on cash invested measures 25.14% in year one, and rental yield stands at 11.9% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 133.87% and total cumulative return in cash reaches $97,631. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,181/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
$368 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06076, Stafford Springs, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,574 (100%) |
| Owner Occupied HU | 3,900 (70.0%) |
| Renter Occupied HU | 1,223 (21.9%) |
| Vacant Housing Units | 451 ( 8.1%) |
| Median Home Value | $295,978 |
| Average Home Value | $378,008 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
5,272
Multi-Family
89
Businesses
321
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Listed by: Tammy J. Arute • Arute Realty Group LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24093963
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.