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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Windsor Locks at 51 Stevens St, Windsor Locks, CT, 06096 offers $2,040/mo rent that, after a $1,542/mo payment. Total monthly income is $2,040/mo. Return on cash invested measures 18.75% in year one, and rental yield stands at 7.77% at a $315,000 entry. Equity gained on principal adds $2,033/yr while 5% annual appreciation compounds into $87,029 by year five. Five-year ROI records 97.46% and total cumulative return in cash reaches $101,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06096, Windsor Locks, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,201 (70.4%) |
| Renter Occupied HU | 1,533 (25.7%) |
| Vacant Housing Units | 231 ( 3.9%) |
| Median Home Value | $302,712 |
| Average Home Value | $318,641 |
Residential
5,714
Single Family
5,089
Multi-Family
625
Businesses
597
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $315,000 |
| 2011-08-29 | Sold | $157,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-27 | $3232.00 | 6.84% | $114,870 | N/A |
| 2023-03-27 | $3025.00 | 1.95% | $114,870 | N/A |
| 2022-03-27 | $2967.00 | N/A | $114,870 | N/A |
What's Special
Walk-up
Listed by: Michael G. Wrabel • MW Park Real Estate LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24082577
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
