373 Trailsend Dr · Torrington, CT 06790

$229,000

3 bd · 2.0 ba · 1,410 sqft · Condo public records · 100 Days on market

Built 1977 $162/sqft · at area comps Est $228k · at est. $380/mo HOA · 16% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.9/30.0
• ARV discount +7.2/15.0
• 1% rule +5.1/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3-bedroom Woodhaven model in excellent condition. Bedroom and full bath on main level. Living room has a pellet stove insert and a split system for heat & a/c. It also has a half-vaulted ceiling with a ceiling fan & skylight. Engineered hardwood throughout the main level. Sliders from dining room to a large expanded deck. Upstairs you have the primary bedroom with vaulted ceiling and another bedroom. The laundry is on this level. The attic has been finished off & has a skylight and a/c unit. There is also extra storage space. This end unit is a 3-minute walk to the indoor lodge for swimming/tennis/pickle ball/exercise room and the large recreation area.

Key facts

• Finished attic
• Large expanded deck
• Engineered hardwood

Tags

• PELLET STOVE INSERT
• SPLIT SYSTEM FOR HEAT
• HALF-VAULTED CEILING
• ENGINEERED HARDWOOD
• LARGE EXPANDED DECK
• FINISHED ATTIC

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $229k.

Deal economics

• At list price, monthly cash flow is $-60 ($-716/yr) — negative.
• To cash-flow at today's rent, offer at most $218k (4.6% below list).
• Meets the 1% rule at list price ($2k rent vs $229k).
• Recommended offer: $208k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 3.9% in Torrington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#53 in CT, #3,449 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, commute F.
• Torrington School District (town): math 22% / reading 39% proficiency, ranked #125 of 153 in CT (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.9%/yr); 188 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 154 units permitted in Northwest Hills Planning Region in 2024 (6 in 5+ unit buildings).
• This rent runs 39% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $229k implies a 282% gain — meaningful room to come down on a strong offer.

Recommended offer $208,390 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 5.98%
• Cash-on-cash: -1.12%
• DSCR: 0.95
• GRM: 8.3

CMA / ARV

• ARV (median comp): $227,530
• List price: $229,000
• Delta: 0.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.89% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.47×
• Total profit: $-33,775
• Equity at exit: $34,145

10-year hold

• IRR: -0.6%
• Equity multiple: 0.95×
• Total profit: $-3,306
• Equity at exit: $19,800

Cash invested: $64,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06790

• Rents YoY: 5.9%
• Active inventory: 188
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,311 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$209 /mo · $2,504/yr
• Insurance: −$95
• HOA: −$380
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $-60

Break-even live

Break-even rent $2,386

Max offer price $218,460

Occupancy floor 98%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
355 Ledge Dr #355 Torrington, CT	3.0	2.0	1410	$6,000	$4.26	43d	1	0.21mi

HOA detail condo

• Monthly dues: $380 · $4,560/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-19
   days on market $229,000 Active 100 DOM
2. 2026-06-18
   days on market $229,000 Active 99 DOM
3. 2026-06-17
   days on market $229,000 Active 98 DOM
4. 2026-06-16
   days on market $229,000 Active 97 DOM
5. 2026-06-15
   days on market $229,000 Active 96 DOM
6. 2026-06-14
   days on market $229,000 Active 94 DOM
7. 2026-06-13
   days on market $229,000 Active 93 DOM
8. 2026-06-10
   days on market $229,000 Active 91 DOM
9. 2026-06-09
   days on market $229,000 Active 90 DOM
10. 2026-06-08
    days on market $229,000 Active 89 DOM
11. 2026-06-07
    days on market $229,000 Active 88 DOM
12. 2026-06-05
    days on market $229,000 Active 85 DOM
13. 2026-06-03
    days on market $229,000 Active 84 DOM
14. 2026-06-02
    days on market $229,000 Active 83 DOM
15. 2026-06-01
    days on market $229,000 Active 82 DOM
16. 2026-05-31
    days on market $229,000 Active 81 DOM
17. 2026-05-30
    days on market $229,000 Active 80 DOM
18. 2026-05-01
    price $229,000 673-char remark

    Show marketing remark (673 chars)

    3-bedroom Woodhaven model in excellent condition. Bedroom and full bath on main level. Living room has a pellet stove insert and a split system for heat & a/c. It also has a half-vaulted ceiling with a ceiling fan & skylight. Engineered hardwood throughout the main level. Sliders from dining room to a large expanded deck. Upstairs you have the primary bedroom with vaulted ceiling and another bedroom. The laundry is on this level. The attic has been finished off & has a skylight and a/c unit. There is also extra storage space. This end unit is a 3-minute walk to the indoor lodge for swimming/tennis/pickle ball/exercise room and the large recreation area.

19. 2026-03-11
    listed $250,000 Active 673-char remark

    Show marketing remark (673 chars)

    3-bedroom Woodhaven model in excellent condition. Bedroom and full bath on main level. Living room has a pellet stove insert and a split system for heat & a/c. It also has a half-vaulted ceiling with a ceiling fan & skylight. Engineered hardwood throughout the main level. Sliders from dining room to a large expanded deck. Upstairs you have the primary bedroom with vaulted ceiling and another bedroom. The laundry is on this level. The attic has been finished off & has a skylight and a/c unit. There is also extra storage space. This end unit is a 3-minute walk to the indoor lodge for swimming/tennis/pickle ball/exercise room and the large recreation area.

20. 2014-10-20
    soldstatus $60,000
21. 2010-09-27
    soldstatus $80,000
22. 2001-02-02
    soldstatus $150,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $2,504 · $209/mo
• Projected year-2 tax: $3,702 · $309/mo
• Expected delta: +$1,198/yr (+$100/mo · 47.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $27,726
• − Mortgage interest: −$12,828
• − Property taxes: −$2,504
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,218
• − Management: −$2,218
• − HOA: −$4,560
• − Depreciation: −$6,662
• Taxable loss: −$4,408
• Est. tax savings @ 24.0%: +$1,058
• After-tax cash flow: $342/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Torrington School District
• NCES district ID: 0904590
• Math proficiency: 22% ▼ -8.00%
• Reading proficiency: 39% ▼ -6.00%
• Median HH income: $53,647
• Composite: 26.9/100
• National rank: #7087
• State rank: #125 of 153 in CT

Livability — Torrington

• Score: 76/100
• State rank: #53
• US rank: #3449

Category grades

Amenities C+ Commute F Cost of living A+ Crime A+ Employment C Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Torrington, CT
• County: Litchfield County · 81,203 people
• City population: 35,566
• Metro: Torrington, CT
• Population (ZIP): 35,566
• Household income: $70,912
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1401.0

Population outlook (Northwest Hills County) Hauer SSP2

• By 2040: 118,998

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 14% Two or more races 8% Black 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 5% Dominican 2%
• Common ancestry: Romanian 8% Lithuanian 5% Slovak 2%
• Foreign-born: 12% · Canada, South Korea, Jamaica
• Languages at home: 86% English-only · Spanish 8% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Northwest Hills

• 2024 margin: Toss-up / Even · D 48.6% · R 49.9% · Other 1.6%
• All cycles: 2024: R+1.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.78%
• Current HPI: 208.4818
• Rent YoY: ▲ 5.89%
• Metro: Torrington, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+52.7% since first listed

5 events — show timeline

• 2026-05-01 Price Changed $229,000 Smart MLS
• 2026-03-11 Listed $250,000 Smart MLS
• 2014-10-20 Sold (Public Records) $60,000 Public Records
• 2010-09-27 Sold (Public Records) $80,000 Public Records
• 2001-02-02 Sold (Public Records) $150,000 Public Records

Property tax history

-5.6%/yr

Latest (2023): $2,504 · +1.7% YoY. Source: county tax records.