48 Library Lane #48, Simsbury, CT, 06070 | $13/mo Cash Flow

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48 Library Lane #48, Simsbury, CT, 06070 | $13/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 Simsbury at 48 Library Lane #48, Simsbury, CT, 06070 generates $1,569/mo in rent and, after a $1,121/mo payment, leaves $13/mo in cash flow. Total monthly income is $1,569/mo, and annual cash flow is $155/yr on $75,914 invested. Return on cash invested sits at 20.11% in year one, and rental yield is 8.22% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash sums $79,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,569/mo property income rather than buyer’s personal income.

Condo

Built in 1968

N/A lot

$N/A/sqft

No HOA

More details about the property

Move right into this beautifully updated, 2 bed, 2 full bath ranch style condo in Heritage Glen! Offering true one-level living this home features a renovated kitchen with stainless steel appliances and a spacious living/dining room highlighted by a cozy fireplace, and sliders leading to a private deck. Two generously sized bedrooms with a fully updated en suite full bath. Enjoy the hot summer days relaxing by the community's in-ground pool and the comfort of central air. Conveniently located a short distance from the town center, several restaurants, and the rails to trails walking/biking path, this home offers comfort and accessibility in every direction. You will not find a nicer condo on the market in Simsbury at this price point, don't miss this one!

Neighborhood Data

Neighborhood data shown for ZIP Code: 06070, Simsbury, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,392 (100%)
Owner Occupied HU	4,957 (77.6%)
Renter Occupied HU	1,182 (18.5%)
Vacant Housing Units	253 ( 4.0%)
Median Home Value	$463,263
Average Home Value	$503,236