6 Millbrook Ct #6NewingtonCT06111
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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 Newington at 6 Millbrook Ct #6, Newington, CT, 06111 priced at $183,600 converts $1,417/mo rent into after a $899/mo obligation. Total monthly income equals $1,417/mo. Return on cash invested prints 16.84% in year one, and rental yield reads 9.26% against a $183,600 entry. Equity gained on principal adds $1,185/yr, while 5% annual appreciation compiles into $50,725 by year five. Five-year ROI reaches 89.56% and total cumulative return in cash sums $54,511. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $899/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Santos & Team • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087693
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.