91 Centerwood RoadNewingtonCT06111
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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 Newington at 91 Centerwood Road, Newington, CT, 06111 generates $3,469/mo in rent and, after a $2,202/mo payment, leaves $412/mo in cash flow. Total monthly income is $3,469/mo, and annual cash flow is $4,946/yr on $149,142 invested. Return on cash invested sits at 23.23% in year one, and rental yield is 9.25% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 121.44% and total cumulative return in cash sums $181,114. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,469/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.26 Acres 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: Cathy R. Lapierre • LAZA Properties
Mls Name: Smart MLS
Mls ID: #24122113