99 Stuart DriveSouthingtonCT06489
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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 99 Stuart Drive, Southington, CT, 06489 uses $99,417 cash to close to unlock $494/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $2,079/mo, and a $1,468/mo payment keeps the spread at $41/mo. Purchase price stands at $299,900, and rental yield measures 8.32% with $2,079/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 106.34% and total cumulative return in cash records $105,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,079/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.34 Acres 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: Sherry L. Davenport • Putnam Agency Real Estate LLC
Mls Name: Smart MLS
Mls ID: #24122749