45 Carter StreetKillinglyCT06239
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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 Killingly at 45 Carter Street, Killingly, CT, 06239 priced at $199,900 converts $1,554/mo rent into $196/mo cash flow after a $978/mo obligation. Total monthly income equals $1,554/mo, and annual cash flow totals $2,354/yr on $66,267 invested. Return on cash invested prints 23.46% in year one, and rental yield reads 9.33% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 122.74% and total cumulative return in cash sums $81,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,554/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06239, Danielson, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,234 (100%) |
| Owner Occupied HU | 3,286 (62.8%) |
| Renter Occupied HU | 1,671 (31.9%) |
| Vacant Housing Units | 277 ( 5.3%) |
| Median Home Value | $314,831 |
| Average Home Value | $382,427 |
Housing Distribution
Address Breakdown
Residential
4,614
Single Family
4,407
Multi-Family
207
Businesses
292
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Listed by: Christine Johnson • RE/MAX One
Mls Name: Smart MLS
Mls ID: #24119655