56 Island RoadKillinglyCT06241
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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
Investment Highlights
Rental property for sale in Killingly at 56 Island Road, Killingly, CT, 06241 priced at $241,000 pairs $2,054/mo rent with $416/mo cash flow after a $1,180/mo payment. Total monthly income equals $2,054/mo, and annual cash flow comes to $4,993/yr on $79,892 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 10.23% on a $241,000 basis. Equity gained on principal adds $1,555/yr, and 5% annual appreciation accumulates to $66,584 by year five. Five-year ROI measures 137.2% and total cumulative return in cash reaches $109,612. For financing, Ziffy Mortgage’s DSCR program evaluates $2,054/mo property income against a $1,180/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06241, Dayville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,134 (100%) |
| Owner Occupied HU | 2,152 (68.7%) |
| Renter Occupied HU | 621 (19.8%) |
| Vacant Housing Units | 361 (11.5%) |
| Median Home Value | $381,858 |
| Average Home Value | $391,199 |
Housing Distribution
Address Breakdown
Residential
2,594
Single Family
2,537
Multi-Family
57
Businesses
226
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Listed by: Rachael L. Johnston • Johnston & Associates Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087516
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