48 Athol Street #48, Danielson, CT, 06239 | $226/mo Cash Flow

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48 Athol Street #48, Danielson, CT, 06239 | $226/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 Danielson at 48 Athol Street #48, Danielson, CT, 06239 generates $1,538/mo in rent and, after a $945/mo payment, leaves $226/mo in cash flow. Total monthly income is $1,538/mo, and annual cash flow is $2,716/yr on $63,980 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 9.56% on a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 126.46% and total cumulative return in cash sums $80,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,538/mo property income rather than buyer’s personal income.

Condo

Built in 1976

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautiful townhouse-style condo featuring 2 bedrooms and 1.5 baths. The open-concept first floor offers a bright and inviting layout, where a modern eat-in kitchen flows seamlessly into the dining area. Step through the sliders to your private back deck and take in the expansive backyard view, perfect for morning coffee or evening relaxation. A convenient half bath for guests completes the main level. Upstairs, you'll find a spacious primary bedroom, a comfortable guest room, a full bath with tub, and a landing with a linen closet for extra storage. The lower level includes a finished heated room, plus an unfinished mechanical area with washer and dryer hookups currently being used for storage. Appliances included: stove, refrigerator, Maytag washer, and Maytag dryer. The owner was advised that the back deck boards, kitchen cabinets, flooring, and water heater were replaced shortly before their ownership. Buyers and buyers' agent to verify. As a bonus this middle unit has lower heating costs than an end unit for more savings! This condo community has no age restrictions and offers the convenience of city water and sewer. Ideally located near I-395, Route 6, and Route 101 for an easy commute to Rhode Island, and just minutes from shopping centers and restaurants. A great combination of comfort, modern updates, and convenience awaits you here.

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