82 Summer Street #ASouthingtonCT06489
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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 Southington at 82 Summer Street #A, Southington, CT, 06489 uses $145,827 cash to close to unlock $2,786/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $3,221/mo, and a $2,153/mo payment keeps the spread at $232/mo. Purchase price stands at $439,900, and rental yield measures 8.79% with $3,221/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 113.9% and total cumulative return in cash records $166,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,221/mo property income covering a $2,153/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A 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: Rebecca A. Davis • Putnam Agency Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24108609