93 Furnace Avenue Apt. N13Stafford SpringsCT06076
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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 Stafford Springs at 93 Furnace Avenue Apt. N13, Stafford Springs, CT, 06076 offers a 9.1% rental yield on a $169,900 purchase with $1,288/mo rent. Total monthly income registers $1,288/mo, and a $832/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,598/yr on $56,322 to close, and return on cash invested stands at 22.75% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 118.93% and total cumulative return in cash at $66,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,288/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06076, Stafford Springs, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,574 (100%) |
| Owner Occupied HU | 3,900 (70.0%) |
| Renter Occupied HU | 1,223 (21.9%) |
| Vacant Housing Units | 451 ( 8.1%) |
| Median Home Value | $295,978 |
| Average Home Value | $378,008 |
Housing Distribution
Address Breakdown
Residential
5,361
Single Family
5,272
Multi-Family
89
Businesses
321
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Listed by: Samantha Khan • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24143905