78 Stearns StreetKillinglyCT06239
Nearby investment properties with comparable rents
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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 Killingly at 78 Stearns Street, Killingly, CT, 06239 priced at $335,000 converts $2,964/mo rent into $688/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,964/mo, and annual cash flow totals $8,250/yr on $111,053 invested. Return on cash invested prints 27.34% in year one, and rental yield reads 10.62% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 143.49% and total cumulative return in cash sums $159,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,964/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06239, Danielson, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,234 (100%) |
| Owner Occupied HU | 3,286 (62.8%) |
| Renter Occupied HU | 1,671 (31.9%) |
| Vacant Housing Units | 277 ( 5.3%) |
| Median Home Value | $314,831 |
| Average Home Value | $382,427 |
Housing Distribution
Address Breakdown
Residential
4,614
Single Family
4,407
Multi-Family
207
Businesses
292
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Listed by: Brendan Meehan • RE/MAX Bell Park Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092714
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.