7 Gillette Way #7BristolCT06010
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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 Bristol at 7 Gillette Way #7, Bristol, CT, 06010 priced at $350,000 converts $2,446/mo rent into $68/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,446/mo, and annual cash flow totals $816/yr on $116,025 invested. Return on cash invested prints 20.61% in year one, and rental yield reads 8.39% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 107.4% and total cumulative return in cash sums $124,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,446/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06010, Bristol, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,698 (100%) |
| Owner Occupied HU | 16,830 (60.8%) |
| Renter Occupied HU | 9,356 (33.8%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $316,220 |
| Average Home Value | $341,970 |
Housing Distribution
Address Breakdown
Residential
27,024
Single Family
23,987
Multi-Family
3,037
Businesses
1,355
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Listed by: Shari Jones • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24127536