89 Spring StreetWillimanticCT06226
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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 Willimantic at 89 Spring Street, Willimantic, CT, 06226 generates $2,132/mo in rent and, after a $1,468/mo payment, leaves $94/mo in cash flow. Total monthly income is $2,132/mo, and annual cash flow is $1,130/yr on $99,417 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 8.53% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 109.78% and total cumulative return in cash sums $109,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,132/mo property income rather than buyer’s personal income.
Single Family
Built in 1865
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06226, Willimantic, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,215 (100%) |
| Owner Occupied HU | 2,466 (34.2%) |
| Renter Occupied HU | 4,124 (57.2%) |
| Vacant Housing Units | 625 ( 8.7%) |
| Median Home Value | $218,103 |
| Average Home Value | $247,750 |
Housing Distribution
Address Breakdown
Residential
6,865
Single Family
6,126
Multi-Family
739
Businesses
599
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Listed by: Joshua M. Brown • KW Legacy Partners
Mls Name: Smart MLS
Mls ID: #24134454