615 Jackson StreetThomastonCT06787
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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
Investment property for sale in Thomaston at 615 Jackson Street, Thomaston, CT, 06787 offers a 9.92% rental yield on a $410,000 purchase with $3,389/mo rent. Total monthly income registers $3,389/mo, and a $2,007/mo payment leaves $603/mo available for distribution. Annual cash flow reaches $7,236/yr on $135,915 to close, and return on cash invested stands at 25.23% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 132.17% and total cumulative return in cash at $179,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,389/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
3.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06787, Thomaston, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 2,467 (72.1%) |
| Renter Occupied HU | 767 (22.4%) |
| Vacant Housing Units | 189 ( 5.5%) |
| Median Home Value | $294,097 |
| Average Home Value | $359,392 |
Housing Distribution
Address Breakdown
Residential
3,274
Single Family
3,192
Multi-Family
82
Businesses
361
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Listed by: Joanne M. Donne • The Washington Agency
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089677
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.