50 South StreetWillimanticCT06226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Willimantic at 50 South Street, Willimantic, CT, 06226 at $198,500 posts ROI 23.9% with $219/mo cash flow from $1,568/mo rent. Total monthly income equals $1,568/mo, and annual cash flow records $2,626/yr on $65,803 to close. Return on cash invested measures 23.9% and rental yield reads 9.48% at the current $198,500. Equity gained on principal adds $1,281/yr, and 5% annual appreciation supports $54,842 by year five. Five-year ROI prints 125.04% and total cumulative return in cash totals $82,277.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,568/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1991
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Housing Distribution
Address Breakdown
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Franchesca M. Pescatello • Prue Realty LLC
Mls Name: Smart MLS
Mls ID: #24092946