8 Hayes Road #8Windsor LocksCT06096
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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 Windsor Locks at 8 Hayes Road #8, Windsor Locks, CT, 06096 priced at $148,500 converts $1,950/mo rent into $576/mo cash flow after a $727/mo obligation. Total monthly income equals $1,950/mo, and annual cash flow totals $6,910/yr on $49,228 invested. Return on cash invested prints 33.95% in year one, and rental yield reads 15.76% against a $148,500 entry. Equity gained on principal adds $958/yr, while 5% annual appreciation compiles into $41,028 by year five. Five-year ROI reaches 182.15% and total cumulative return in cash sums $89,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $727/mo payment, not borrower’s personal income.
Condo
Built in 1941
N/A lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06096, Windsor Locks, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,201 (70.4%) |
| Renter Occupied HU | 1,533 (25.7%) |
| Vacant Housing Units | 231 ( 3.9%) |
| Median Home Value | $302,712 |
| Average Home Value | $318,641 |
Housing Distribution
Address Breakdown
Residential
5,714
Single Family
5,089
Multi-Family
625
Businesses
597
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Listed by: Mike Barile • Barile Realty Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24131414
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.