79 Piper Brook AvenueNewingtonCT06111
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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
Investment property for sale in Newington at 79 Piper Brook Avenue, Newington, CT, 06111 listed at $359,900 pairs $3,143/mo rent with a $1,762/mo payment to leave $697/mo cash flow. Total monthly income runs $3,143/mo, and annual cash flow reaches $8,366/yr on $119,307 cash to close. Return on cash invested measures 26.92% in year one, and rental yield registers 10.48% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 141.28% and total cumulative return in cash totals $168,554. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,143/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Karen L. Smith • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24147070