56 Island RoadKillinglyCT06241
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 56 Island Road, Killingly, CT, 06241 in Killingly is listed at $241,000 and delivers $2,054/mo in rent and $417/mo in net monthly cash flow. The 10.23% yield and 1.89 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $66,584 over five years, and $2,220/yr in principal reduction supplements cash return. Total projected cumulative return: $118,846.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.0% |
| Monthly Cash Flow | $417 | $1,200 |
City averages based on Killingly market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,054 |
| Total Monthly Debt Service | $1,542 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachael L. Johnston • Johnston & Associates Real Estate, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087516
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.