153 Funston Ave · Torrington, CT 06790

$375,000

5 bd · 3.0 ba · 2,059 sqft · MultiFamily public records · 15 Days on market

Built 1900 0.25 ac lot $182/sqft · 20% above area Est $312k · 20% over

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Why this score? — see what drove the C 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 +26.8/30.0
• DSCR +9.2/10.0
• 1% rule +6.9/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Well maintained 3 family home on a beautiful .25 Acre lot. 2 Car garage,deck, 2eggresses plenty of off street parking. 2 Furnaces .

Key facts

• Renovated kitchens
• Great curb appeal
• 1-car garage

Tags

• RENOVATED KITCHENS
• DEDICATED LAUNDRY HOOKUP
• 1-CAR GARAGE
• AMPLE OFF-STREET PARKING
• GREAT CURB APPEAL

Property features AI

Exterior

• Parking: Detached garage; Driveway parking; Total of 8 parking spaces; 1 garage
• Utilities: Public water connected; Public sewer connected; Domestic hot water
• Home design: Multi-family property (3-family); Multi-family for sale
• Construction: Built with frame construction; Brick and stone foundation; Shake siding; Asphalt shingle roof
• Exterior features: Lightly wooded, level lot; Private driveway; Paved areas

Interior

• Bedrooms: 5 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Hot water heating (electric); Ceiling fans for cooling
• Interior features: Ceiling fans; Full basement

What this means for you Summary

Snapshot

• This is a 2×2bd/1ba + 1×1bd/1ba units multifamily listed at $375k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $341/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $375k).
• Recommended offer: $369k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.6% 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: 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.
• Zoned schools: Torrington High School (math 22% / reading 47%, grade F, #121 of 194 statewide, top 64%, 1,010 students, 57% FRL) — zoned schools average 57% FRL vs 40% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.9%/yr); 188 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 154 units permitted in Northwest Hills Planning Region in 2024 (6 in 5+ unit buildings).
• At $4,473/mo this rent would consume 76% of the median local household income ($71k/yr) (locally 1401% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 5.9% rent growth), your $105k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($369k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $155k; list at $375k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $369,375 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.19% ✓
• Cap rate: 9.57%
• Cash-on-cash: 11.70%
• DSCR: 1.52
• GRM: 7.0

CMA / ARV

• ARV (median comp): $311,622
• List price: $375,000
• Delta: 20.34%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
231 Beechwood Ave	0.14mi	6/2.5 (+1)	2,072 (+1%)	3mo	$233,000	$112	83
64 Cooper St	0.27mi	4/2.0 (-1)	2,100 (+2%)	2mo	$365,000	$174	73
100 Roosevelt Ave	0.05mi	5/2.0	1,862 (-10%)	11mo	$280,000	$150	69
24 Maple St	0.19mi	4/2.0 (-1)	2,129 (+3%)	10mo	$262,000	$123	68
80 Washington Ave	0.35mi	4/2.0 (-1)	1,918 (-7%)	2mo	$335,000	$175	62
370 High St	0.22mi	5/3.0	2,302 (+12%)	17mo	$359,000	$156	56
192 High St	0.24mi	4/2.0 (-1)	1,854 (-10%)	16mo	$280,000	$151	50
78 Maplewood Ave	0.36mi	4/2.0 (-1)	2,184 (+6%)	18mo	$355,000	$163	49
77 Lewis St	0.58mi	4/2.0 (-1)	2,126 (+3%)	14mo	$248,000	$117	46
29 Berry St	0.64mi	6/2.0 (+1)	1,910 (-7%)	5mo	$355,000	$186	45
23 Berry St	0.62mi	4/2.0 (-1)	1,882 (-9%)	5mo	$320,000	$170	43
271 S Main St	0.65mi	4/3.0 (-1)	2,338 (+14%)	6mo	$290,000	$124	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 4.3%
• Equity multiple: 1.17×
• Total profit: $17,819
• Equity at exit: $55,914

10-year hold

• IRR: 16.2%
• Equity multiple: 2.50×
• Total profit: $157,795
• Equity at exit: $32,423

Cash invested: $105,000 (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: 20.6×

Monthly cashflow live

• Estimated rent: $4,473 high
• Mortgage (P&I): −$1,967
• Tax from tax record: −$387 /mo · $4,649/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$939
• Net cashflow: $1,023

Break-even live

Break-even rent $3,177

Max offer price $375,000

Occupancy floor 72%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,040
1× unit	1	1	$1,434
Total (3 units)			$4,473

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
163 Beechwood Ave Torrington, CT	4.0	2.0	1896	$2,800	$1.48	43d	1	0.22mi
14 Culvert St Unit 2 Torrington, CT	4.0	1.0	1638	$1,695	$1.03	43d	1	0.24mi
58 E Pearl St Torrington, CT	4.0	2.0	2588	$2,300	$0.89	43d	1	0.85mi

Listing history 8 events

1. 2026-05-13
   listed $375,000 Active 1167-char remark
2. 2022-11-02
   soldstatus $155,000
3. 2003-12-10
   soldstatus $145,000 131-char remark

   Show marketing remark (131 chars)

   Well maintained 3 family home on a beautiful .25 Acre lot. 2 Car garage,deck, 2eggresses plenty of off street parking. 2 Furnaces .

4. 2003-12-09
   soldstatus $145,000
5. 2003-07-01
   listed $154,900 131-char remark

   Show marketing remark (131 chars)

   Well maintained 3 family home on a beautiful .25 Acre lot. 2 Car garage,deck, 2eggresses plenty of off street parking. 2 Furnaces .

6. 2001-11-07
   soldstatus $108,500
7. 2001-11-06
   soldstatus $108,500

   Show marketing remark (153 chars)

   All units rented with leases, 1/2 of garage used by 1st floor tenant,3rd floor tenant uses other 1/2. 1St floor tenant mows the lawn and removes the snow

8. 2001-06-24
   listed $114,900

   Show marketing remark (153 chars)

   All units rented with leases, 1/2 of garage used by 1st floor tenant,3rd floor tenant uses other 1/2. 1St floor tenant mows the lawn and removes the snow

ⓘ 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: $4,649 · $387/mo
• Projected year-2 tax: $6,337 · $528/mo
• Expected delta: +$1,688/yr (+$141/mo · 36.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $53,676
• − Mortgage interest: −$21,006
• − Property taxes: −$4,649
• − Insurance: −$1,875
• − Repairs & maintenance: −$4,294
• − Management: −$4,294
• − Depreciation: −$10,909
• Taxable income: $6,649
• Est. tax owed @ 24.0%: −$1,596
• After-tax cash flow: $10,686/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

+226.4% since first listed

9 events — show timeline

• 2026-05-28 Pending — Smart MLS
• 2026-05-13 Listed $375,000 Smart MLS
• 2022-11-02 Sold (Public Records) $155,000 Public Records
• 2003-12-10 Sold (MLS) $145,000 Smart MLS
• 2003-12-09 Sold (Public Records) $145,000 Public Records
• 2003-07-01 Listed $154,900 Smart MLS
• 2001-11-07 Sold (Public Records) $108,500 Public Records
• 2001-11-06 Sold (MLS) $108,500 Smart MLS
• 2001-06-24 Listed $114,900 Smart MLS

Property tax history

+1.1%/yr

Latest (2023): $4,649 · +1.8% YoY. Source: county tax records.