654 West StreetSouthingtonCT06489
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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 Southington at 654 West Street, Southington, CT, 06489 uses $139,230 cash to close to unlock $4,488/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $3,228/mo, and a $2,056/mo payment keeps the spread at $374/mo. Purchase price stands at $420,000, and rental yield measures 9.22% with $3,228/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 120.91% and total cumulative return in cash records $168,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,228/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06489, Southington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,640 (100%) |
| Owner Occupied HU | 10,928 (80.1%) |
| Renter Occupied HU | 2,275 (16.7%) |
| Vacant Housing Units | 437 ( 3.2%) |
| Median Home Value | $418,374 |
| Average Home Value | $460,971 |
Housing Distribution
Address Breakdown
Residential
13,660
Single Family
13,124
Multi-Family
536
Businesses
1,015
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Listed by: Laura Spinelli • Laurel Crest Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103442
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.