788 Farmington Avenue APT 104FarmingtonCT06032
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
Total monthly income runs $3,240/mo, and a $3,719/mo payment. Purchase price stands at $759,900, and rental yield measures 5.12% with $3,240/mo rent. Return on cash invested shows 5.79% in year one, and 5% annual appreciation builds toward $209,946 over five years. Five-year ROI reaches 29.71% and total cumulative return in cash records $74,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,240/mo property income covering a $3,719/mo payment rather than investor’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$1,051 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steffen Reich • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24127337
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.