67 Forest Hills DriveFarmingtonCT06032
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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 Farmington at 67 Forest Hills Drive, Farmington, CT, 06032 offers $6,870/mo rent that, after a $3,813/mo payment, leaves $1,577/mo cash flow. Total monthly income is $6,870/mo, and annual cash flow is $18,923/yr on $256,291 cash. Return on cash invested measures 27.44% in year one, and rental yield stands at 10.58% at a $779,000 entry. Equity gained on principal adds $5,027/yr while 5% annual appreciation compounds into $215,223 by year five. Five-year ROI records 144% and total cumulative return in cash reaches $369,062. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,870/mo property income versus a $3,813/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
1.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06032, Farmington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,666 (100%) |
| Owner Occupied HU | 5,730 (66.1%) |
| Renter Occupied HU | 2,487 (28.7%) |
| Vacant Housing Units | 449 ( 5.2%) |
| Median Home Value | $506,652 |
| Average Home Value | $568,271 |
Housing Distribution
Address Breakdown
Residential
8,435
Single Family
7,027
Multi-Family
1,408
Businesses
1,040
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Listed by: Lisa Fekete • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24116330