60 Mile Hill RoadTollandCT06084
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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 Tolland at 60 Mile Hill Road, Tolland, CT, 06084 generates $2,579/mo in rent, after a $1,884/mo payment. Total monthly income is $2,579/mo. Return on cash invested sits at 19.57% in year one, and rental yield is 8.04% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 101.8% and total cumulative return in cash sums $129,922. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,579/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06084, Tolland, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,647 (100%) |
| Owner Occupied HU | 4,924 (87.2%) |
| Renter Occupied HU | 506 ( 9.0%) |
| Vacant Housing Units | 217 ( 3.8%) |
| Median Home Value | $393,338 |
| Average Home Value | $451,802 |
Housing Distribution
Address Breakdown
Residential
5,527
Single Family
5,465
Multi-Family
62
Businesses
378
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Listed by: Brenda K. Milhomme • Milhomme Realty Group, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24106237
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.