671 Ledgeview Court #671SouthingtonCT06489
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Southington at 671 Ledgeview Court #671, Southington, CT, 06489 generates $2,594/mo in rent and, after a $1,640/mo payment, leaves $23/mo in cash flow. Total monthly income is $2,594/mo, and annual cash flow is $270/yr on $111,053 invested. Return on cash invested sits at 20.15% in year one, and rental yield is 9.29% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 106.12% and total cumulative return in cash sums $117,848. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,594/mo property income rather than buyer’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$295 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nikki M. Defrancesco • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103986
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.