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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 Willimantic at 61 Mountain St, Willimantic, CT, 06226 priced at $250,000 converts $2,152/mo rent into $453/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,152/mo, and annual cash flow totals $5,436/yr on $82,875 invested. Return on cash invested prints 26.47% in year one, and rental yield reads 10.33% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 138.78% and total cumulative return in cash sums $115,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,152/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
Date | Event | Price |
|---|---|---|
| 2025-03-11 | Listed for sale | $250,000 |
| 2022-04-01 | Sold | $100,000 |
| 2022-03-23 | Contingent | $105,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $4263.00 | 35.98% | $115,040 | 73.96% |
| 2023-03-18 | $3135.00 | 1.52% | $66,130 | N/A |
| 2022-03-18 | $3088.00 | -6.76% | $66,130 | N/A |
What's Special
Access Via Hatch
Listed by: Team Entourage at William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24079376
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.
