5 Melissa Way, Tolland, CT, 06084 | $48/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5 Melissa Way, Tolland, CT, 06084 | $48/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 Tolland at 5 Melissa Way, Tolland, CT, 06084 priced at $625,000 converts $4,294/mo rent into $48/mo cash flow after a $3,059/mo obligation. Total monthly income equals $4,294/mo, and annual cash flow totals $570/yr on $205,625 invested. Return on cash invested prints 20.34% in year one, and rental yield reads 8.24% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 105.91% and total cumulative return in cash sums $217,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,294/mo property income covering a $3,059/mo payment, not borrower’s personal income.

Single Family

Built in 2003

1.71 Acres lot

$N/A/sqft

No HOA

More details about the property

The one you have been waiting for! A charming front porch greets you as you enter this meticulously maintained home. The light-filled, open-concept first floor offers beautiful hardwood flooring throughout. The front-to-back living room with a propane fireplace opens seamlessly into the spacious eat-in kitchen-a cook's dream-featuring stainless-steel appliances, abundant granite counters, a pantry, and an oversized island with an additional cooktop and seating. A half bathroom and a cozy formal dining room complete this level. The second level just had new carpeting installed. The luxurious primary suite includes a warm and inviting propane fireplace, while the second bedroom is en-suite. The third and fourth bedrooms offer generous closet space and comfortable living areas for family or guests. The sun-filled, finished lower-level features French doors that open directly to the backyard, creating excellent flow for indoor-outdoor living. The exterior is professionally landscaped and includes an expansive yard plus a Kloter Farms shed for additional storage. An oversized attached three-car garage means you'll never have to shovel snow off your car again. And finally-imagine relaxing on the back deck overlooking a very large, private, and peaceful wooded backyard. Additional features include new air conditioning (2024) and a new water filtration system (2023). Come see this truly special home today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 06084, Tolland, CT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,647 (100%)
Owner Occupied HU	4,924 (87.2%)
Renter Occupied HU	506 ( 9.0%)
Vacant Housing Units	217 ( 3.8%)
Median Home Value	$393,338
Average Home Value	$451,802