76 Kane StreetSouthingtonCT06489
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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
Investment property for sale in Southington at 76 Kane Street, Southington, CT, 06489 uses $124,313 cash to close to unlock $2,598/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $2,764/mo, and a $1,835/mo payment keeps the spread at $217/mo. Purchase price stands at $375,000, and rental yield measures 8.84% with $2,764/mo rent. Return on cash invested shows 22% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash records $142,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,764/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.93 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: Javyn Roundtree • Roundtree Realty LLC
Mls Name: Smart MLS
Mls ID: #24141582